The recent central bank announcement promised to lighten the load for many Argentines who must carry giant bags — occasionally, suitcases — stuffed with cash for simple transactions. Across Argentina, hard currency — specifically, the ubiquitous 1,peso notes — remains the most popular way to pay for things.
The 2,peso note is the largest denomination in circulation. Argentine President Javier Milei, who took office in December, campaigned on a promise to tame inflation and stabilize the local currency by reversing the policies of past left-leaning governments that printed money to finance public spending.
But in the meantime, his harsh austerity drive has pushed prices up to levels in the U. A nationwide strike, the latest in a series of protests, is planned for Thursday. The most important California stories and recommendations in your inbox every morning. You may occasionally receive promotional content from the Los Angeles Times.
De Los. Times Everywhere. For Subscribers. All Sections. LA Times Studios. Live Stream. Times Store. About Us. Special Supplements. A worker counts money at a grocery store in Buenos Aires. As prices have surged, a 10,peso note is set to start circulating in June. Share via Close extra sharing options. More to Read. Inflation in Argentina leaves families struggling to feed themselves. Enter email address. Sign Me Up. More From the Los Angeles Times. Here are some policy areas where he might act next.
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