Astronomic inflation in Argentina has caused the government to higher denominations of the country's peso.
The central bank next month will issue a 10,000 peso note, worth about $11 based on Thursday's exchange rate.
AdvertisementInflation is so bad in Argentina that the central bank will issue 10,000 peso notes to relieve people from the burden of having to haul bags of cash around for day-to-day needs.
The note, worth about $11 based on Thursday exchange rates, tops the 2,000 peso note as the country's biggest bill.
Meanwhile, the central bank also announced that it will launch a larger bill — a 20,000-peso note — later this year.
Persons:
—, Javier Milei
Organizations:
Service, Associated Press
Locations:
Argentina