Overview

• Argentina's Central Bank issues a 10,000-peso note, now worth around $11, to manage severe inflation.
• The new note is five times the value of the previous largest bill, reflecting rapid currency devaluation.
• President Javier Milei's administration faces challenges in stabilizing the economy despite fiscal austerity measures.
• Plans for a 20,000-peso note later this year indicate no immediate relief from the inflationary spiral.
• Economic strategies include potential shifts towards less reliance on cash, amidst growing digital and crypto trends.