la rioja

Who in their right mind would accept these Chachos? I know several provinces tried this in the early 2000's and eventually people were able to cash them in but does anyone really think that anyone will get made whole on their Chachos...

Provinces starting to print their own junk currencies again. https://www.batimes.com.ar/news/economy/los-chachos-la-rioja-launches-currency-to-offset-mileis-shock-therapy.phtml

Does this tactic really work to revive the economy and consumption? I'm not so sure about that; it was already tried during the 2001 crisis in Argentina, and it didn't turn out well. It worked as a local exchange alternative in some communities but didn't solve the national economic problems...

It will be interesting if other provinces also try to invent up their own currencies. https://www.bnnbloomberg.ca/defying-milei-s-austerity-an-argentina-province-plans-its-own-currency-1.2024200

Interesting to see how this plays out. La Rioja province is thinking about using their own kind of money instead of dollars. They might even make special bonds using this new money. “I do not want our people to die of hunger,” said the governor. “The currency would have a percentage in cash...