The Argentine Central Bank has ordered 400 million 1000 peso notes to be produced by the Brazilian Mint at a price of 20.6 million USD with delivery beginning next month and continuing through March 2021. Argentina has already introduced 363 million 1000 peso notes, their highest denomination, this year as part of a 45% increase in their supply of circulating bills and coins.
- The Peso Argentino continues trading at a wide spread in the Uruguayan market with Banco Republica's closing Compra/Venta rates for the Peso Argentina being 0.15/0.61 Pesos Argentinos to the Peso Uruguayo. This wide spread specific to the Peso Argentino on the Uruguayan market comes because no one wants to assume the risk of holding a failing currency. [↩]