Argentina Orders Mass Print Run Of 1000 Peso Notes From Brasil As Their Own Money Printer Can't Operate Fast Enough To Meet Demand

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 Argentine 1000 peso note presently carries a value of 7.63 USD per the freely traded "Blue Dollar" rate or 150 Pesos Uruguayos at Banco Republica's "Compra" rate1 at today's close.

  1. 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. []

5 Responses to “Argentina Orders Mass Print Run Of 1000 Peso Notes From Brasil As Their Own Money Printer Can't Operate Fast Enough To Meet Demand”

  1. Shinoa Fores says:

    brrrrrrrrrrrrrrrrrr

    • Aaron Rogier says:

      Shame Argentina's money printer can't quite go as fast as they's like it to and now they have to borrow Brazil's

  2. I'm puzzled at to what "the price of" some number means: do they actually melt down four hundred million nickels to lace the debased metals into the new notes?

  3. brendafdez says:

    Needing moar already. Meanwhile our largest denomination also did a historic all-time low value mark of USD 5.13 on October 23rd, which is lower than our previously-largest 100 peso had ever reached. It will be nothing short of a miracle it these things are still worth anything at all by the time the deliveries scheduled for March come in.

Leave a Reply

The Latest

Newest Comments

The Archives

Feeds