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Inflation-stricken Argentina rolls out new largest denomination banknotes

  • Argentina has introduced a new 2,000-peso bill to account for high inflation and as the largest bill currently in circulation.
  • The new notes are worth little in US dollars due to Argentina's depreciating currency and inflation rates over 100%.
  • The new bills pay tribute to Argentina's public health system and feature portraits of notable doctors.
  • Banks have struggled with lack of vault space and residents often carry large amounts of cash due to many transactions still being done in cash.
  • Consumer prices rose over 8% in April alone, with inflation over 32% so far this year in Argentina.
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