Argentina will introduce new highest-denomination note

New 2,000 peso note to come after inflation reached nearly 100% at the end of 2022

Central Bank of Argentina
Central Bank of Argentina
Banco Central de la República Argentina

Argentina’s central bank will introduce a new highest-denomination note in response to rising inflation, it announced on February 2.

The Central Bank of Argentina (BCRA) said it would introduce the 2,000 peso banknote ($5.30), but did not give a date for when it would do so. Circulating peso denominations currently range from 10 to 1,000.

In its press statement, the BCRA said it was working to promote the use of electronic transactions. “While the process of digitalisation advances, this bill

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