https://www.bloomberg.com/news/articles/2023-05-22/argentina-introduces-2-000-peso-banknote-largest-denomination-is-worth-4 Skip to content Skip to content Bloomberg the Company & Its ProductsThe Company & its Products Bloomberg Terminal Demo RequestBloomberg Anywhere Remote Login Bloomberg Anywhere LoginBloomberg Customer SupportCustomer Support Bloomberg Bloomberg UK Switch Editions * UK * Europe * US * Asia * Middle East * Africa * Ri Ben Sign In Subscribe * Live Now Bloomberg TV+ Bloomberg Daybreak Australia Bloomberg Daybreak Australia Bloomberg Daybreak Australia. Live from New York and Sydney. The latest news impacting markets, business and finance around the world. Bloomberg Radio Bloomberg Daybreak Asia Bloomberg Daybreak Asia Live market coverage co-anchored from Hong Kong and New York. Overnight on Wall Street is daytime in Asia. Markets never sleep, and neither does Bloomberg. Track your investments 24 hours a day, around the clock from around the world. Listen ----------------------------------------------------------------- Bloomberg Originals Storylines Storylines Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. This documentary-style series follows investigative journalists as they uncover the truth. Also streaming on your TV: * + Markets Markets o Deals o Odd Lots o The FIX | Fixed Income o ETFs o FX o Factor Investing o Alternative Investing o Economic Calendar o Markets Magazine Crypto Crackdown Puts Binance-Linked Stablecoin in Crosshairs Crypto Binance Dismissed From Texas Woman's $8 Million Tinder Scam Suit Calgary Smothered In Smoke As Wildfires Flare Up In Canada Energy Hub Weather & Science Wildfires in Western Canada Decline With Better Conditions Ahead Market Data o Stocks o Commodities o Rates & Bonds o Currencies o Futures o Sectors View More Markets + Economics Economics o Indicators o Central Banks o Jobs o Trade o Tax & Spend o Inflation & Prices Treasury Secretary Yellen Testifies On The 2024 Budget Before The House Ways And Means Committee Economics Yellen Says It's Now 'Highly Likely' US Out of Cash Early June Bank Of Spain Governor Pablo Hernandez De Cos At Brookings Institution Central Banks ECB Not Done Raising Rates, Should Keep Them High, De Cos Says RBNZ Governor Graeme Wheeler Rate Decision News Conference Central Banks New Zealand's Central Bank Set to Raise Interest Rates, Leave Door Open for More View More Economics + Industries Industries o Consumer o Energy o Entertainment o Finance o Health o Legal o Real Estate o Telecom o Transportation Blade and BETA Complete First Electric Air Taxi Flight in NYC Area Travel Blade Expands to Jersey City Offering Five-Minute Ride to JFK Aircraft And Passengers at Stansted Airport Markets Ryanair's 'Dumb Luck' Fuel Hedging Plan Saved EUR1.4 Billion Featured o Business of Sports View More Industries + Technology Technology o AI o Big Tech o Cybersecurity o Startups Zoom Website Ahead Of Earnings Figures Technology Zoom Raises Annual Sales Forecast in Sign Pandemic-Era Customers Here to Stay TikTok CEO Fails To Placate US Lawmakers Eager to Ban Technology TikTok Sues Montana to Block First Statewide Ban of App Micron Tumbles After China Says Its Chips Pose Security Risk Cybersecurity Micron Tumbles After China Says Its Chips Pose Security Risk View More Technology + Politics Politics o US o UK o Americas o Europe o Asia o Middle East Biden McCarthy Meeting Tees Up Tense Week of Debt-Limit Talks Politics Biden-McCarthy Debt Meeting Opens With Disagreements on Display Trump Rape Civil Suit Trial Continues In New York Politics E. Jean Carroll Wants to Add Trump's CNN Town Hall Comments to Defamation Suit Featured o Next China View More Politics + Wealth Wealth o Investing o Living o Opinion & Advice o Savings & Retirement o Taxes o Reinvention China's Big-Spending, Picky Youth Are Global Luxury's Lifeline Wealth China's Big-Spending, Picky Youth Are Global Luxury's Lifeline New Homes Construction in Australia Living Million-Dollar 'Unlivable Shack' in Sydney Shows Split With New Zealand Home Market Featured o How to Invest View More Wealth + Pursuits Pursuits o Travel o Autos o Homes o Living o Culture o Style European Soccer Team Set to Miss Champions League After Court Issues Penalty Sports European Soccer Team Set to Miss Champions League After Court Issues Penalty The Little Mermaid 2023 Review: It's Not Better Down Where It's Wetter Film The Little Mermaid 2023 Review: It's Not Better Down Where It's Wetter Featured o Screentime o New York Property Prices o Where to Go in 2022 View More Pursuits + Opinion Opinion o Business o Finance o Economics o Markets o Politics & Policy o Technology & Ideas o Editorials o Letters The Health-Care System Is Running Out of Everything Jessica Karl The Health-Care System Is Running Out of Everything Japanese Mega Banks Ahead of Earnings Figures Ed Hammond Mizuho Buys a Boutique Past Its Prime in Greenhill General Economy In Malaysia As Mahathir Says He Underestimated Challenge of Governing The Country Daniel Moss Singapore's High Costs Won't Dethrone the Money Center... Yet View More Opinion + Businessweek Businessweek o The Bloomberg 50 o Best B-Schools o Small Business Survival Guide o 50 Companies to Watch o Good Business o Subscribe to the Magazine The Man Who Spends $2 Million a Year to Look 18 Is Swapping Blood With His Father and Son Technology The Man Who Spends $2 Million a Year to Look 18 Is Swapping Blood With His Father and Son Industrials Defy Deal Doldrums With Strategic Acquisitions Remarks Industrials Defy Deal Doldrums With Strategic Acquisitions SVB's Collapse Resurrects the Idea of Banking Without Bank Runs Finance SVB's Collapse Resurrects the Idea of Banking Without Bank Runs View More Businessweek + Equality Equality o Corporate Leadership o Capital o Society o Solutions crop Vinicius Junior Equality Spanish Football's Attempt to Deal With Racism Hits New Low Uber Vehicles And Office Ahead Of Earnings Figures Equality Uber Diversity Chief Suspended After Events on Race Spark Uproar Featured o In Trust Podcast View More Equality + Green Green o New Energy o ESG Investing o Weather & Science o Climate Politics o Greener Living o Cleaner Tech TOPSHOT-ZIMBABWE-POLITICS Climate Politics Zimbabwe Carbon Credit Programs Get Two Months to Meet New Rules swiss re ESG Swiss Re Becomes Fourth Insurer to Leave Net Zero Group Featured o Data Dash o Hyperdrive View More Green + CityLab CityLab o Design o Culture o Transportation o Economy o Environment o Housing o Justice o Government o Technology Commuters As NYC Subway System Use Falls In Week Transportation NYC's Transit Agency Planning to Raise Subway Fares, Tolls US-HEALTH-POLITICS-JUSTICE-ABORTION Justice Illinois Moves to Protect Abortion Seekers from Out-of-State Surveillance A Stately New Orleans Courthouse Gets a Third Act as Senior Housing Design A Stately New Orleans Courthouse Gets a Third Act as Senior Housing View More CityLab + Crypto Crypto o Decentralized Finance o NFTs o Regulation o Technology Crypto Crackdown Puts Binance-Linked Stablecoin in Crosshairs Crypto Binance Dismissed From Texas Woman's $8 Million Tinder Scam Suit FTX's Crypto Contagion Infects Firms From BlockFi To Voyager Crypto Tether's Growth Is Defying a Trading Slowdown. That's Adding to Its Appeal Cryptocurrency Exchange Illustrations As Caution Sweeps Over Crypto Crypto Gemini Issued Warning in Philippines Over Crypto Derivatives Exchange View More Crypto * More ----------------------------------------------------------------- Markets Currencies Argentina Introduces 2,000 Peso Banknote. It's Worth About $4 * Central bank put new 2,000 peso notes into circulation * Inflation over 100% is wiping out the value of peso notes A cashier counts Argentine pesos in Buenos Aires, Argentina.& nbsp; A cashier counts Argentine pesos in Buenos Aires, Argentina. Photographer: Juan Mabromata/AFP/Getty Images By Patrick Gillespie +Follow May 22, 2023, 6:21 PM UTC Listen to this article 1:22 Share this article Copied Gift this article Subscriber Benefit Bloomberg subscribers can gift up to 5 articles a month for anyone to read, even non-subscribers! Learn more Subscribe Sign In Follow the authors @Pat_Gillespie + Get alerts forPatrick Gillespie Argentina introduced its largest-denomination banknote on Monday as inflation running at more than 100% a year forces the population to carry ever growing stacks of cash to pay for everyday purchases. Yet the new 2,000 peso note put into circulation by the nation's central bank is valued at only about $4, according to commonly used parallel exchange rates. At the official rate, which is overvalued by currency controls and restrictions imposed by the government, it's worth about $8.50. LIVE ON BLOOMBERG Watch Live TVListen to Live Radio Most Read * Businessweek The Man Who Spends $2 Million a Year to Look 18 Is Swapping Blood With His Father and Son * Markets Mexico Raises Alert Level on Volcano Rumbling Near Capital * Technology Meta Fined Record EUR1.2 Billion in EU Over US Data Transfers * Pursuits Messi, Ronaldo Lead Saudi Arabia's Multibillion-Dollar Makeover * Business China's New Covid Wave Set to See 65 Million Cases a Week Terms of Service Trademarks Privacy Policy (c)2023 Bloomberg L.P. All Rights Reserved Careers Made in NYC Advertise Ad Choices Help PxPixel