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Argentina to issue higher denomination banknotes

17 Jan, 2016

Argentina's Central Bank said on Friday it would issue higher denomination banknotes this year and next, in the face of double-digit inflation that has gnawed away at the value of the local currency. The largest bank note in Latin America's third biggest economy is the 100 peso bill, currently worth $7.4 US dollars. Cash machines often run out of money over long weekends because they cannot contain enough bills to satisfy demand.

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