Will Argentina print higher denominations?
The Argentinian Congress has adopted a proposal for the printing of banknotes of 200, 500 and 1000 peso. Currently the highest denomination in Argentina is the 100 peso. Member of Congress Guillermo Durand Cornejo who introduced the bill pointed out that 97.1% of all circulating banknotes is either the 50 or 100 peso. Due to the rising inflation in the country there is a need for bigger notes.
The bill also proposes the design for the new banknotes:
- 200 peso: on the front and back images of General Martin Miguel de Guemes and Guerra Gaucha.
- 500 peso: on the front and back images of Juan Bautista Alberdi and the Constitutional Convention of 1853.
- 1000 peso: on the front and back images of the Falkland Islands and Darwin Cemetery.
No word yet if these proposed banknotes will actually be printed.
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