In the News
Argentina unveils 2,000 peso note - worth $4
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.
Highest-denomination bill in Argentina is now the 2,000-peso note, worth $4 https://t.co/xVzHvjcvou
— The Guardian (@guardian) May 22, 2023
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.
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