Banking Argentina's BCRA planning larger-denomination bills - MercoPress

[Finance Prof]

I can't wait until these 20,000 and 50,000 notes come out in March 2024. Even the 2,000 peso notes are very elusive and I almost never get them!

Argentina's BCRA planning larger-denomination bills

Argentina's Central Bank (BCRA) is entertaining the possibility of issuing AR$ 20,000 and 50,000 bills in a move to keep up with inflation and eliminate the need for large wads of banknotes for nearly every cash transaction.

en.mercopress.com

 

[Wally]

Can't wait! Tired of lugging around these "$1 bills".

 

[GlasgowJohn]

A sound decision from Milei's team - how much time do we spend counting money?

How much time do businesses spend counting money?

 

[Betsy Ross]

A sound decision from Milei's team - how much time do we spend counting money?

How much time do businesses spend counting money?

Amen @GlasgowJohn! Not to mention the environmental savings of not having to print all that paper! It was crazy with the 1,000 peso note. Argentina was buying more paper to print their worthless currency than anyone in the world. They were running out of paper to print them.

 

[Silvia]

Great news! It was getting crazy carrying around so many worthless paper to pay for things. It will be nice once the larger bills come out.