In the News

Argentina unveils 2,000 peso note - worth $4

Graham Watson

23rd May 2023

The impact of inflation on the value of the Argentinian peso has been made clear as the country has unveiled a 2,000 peso note worth $8.50 at official exchange rates and $4 in the most commonly used parallel markets.

It highlights how inflation, of nearly 100%, and soon to be 130%, according to many commentators erodes the purchasing power of a currency.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.