150% Inflation In Argentina Prompts Printing Of 2,000- Peso Bill, Worth Just $4

  • The Central Bank of Argentina launched this week a new 2,000-peso bill in response to accelerating inflation, which exceeds 100% annually.
  • However, this new note is barely equivalent to about four dollars according to the parallel exchange rates, and about 8.50 dollars at the official rate, which is overvalued due to the controls and currency restrictions imposed by the Peronist government.
  • Economists consulted by the Central Bank forecast annual inflation close to 150% in the next 12 months, which causes concern and doubts about the economic policies applied by the leftist government of Alberto Fernández.
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