Persistent Inflation It hits the purchasing power of families in the country, worsens the ability to buy tickets and accommodate Argentina In A difficult position in the regional ranking. Government decision not to issue a higher denomination document He leaves $ 1000 paper as the one with the least purchasing power in dollars.

At the official exchange rate, the orange denomination It costs $ 8.08And, if you take it Dollar Blue, Is equal to $ 4.90. With these numbers, Argentina This is the country of the region whose denomination has the highest denomination when measured in the lowest value in dollars.

Without hearing the case EcuadorWhich received the U.S. dollar as its legal tender in 1999 (and has a $ 100 bill as its largest purchasing power), is the country with the most valuable currency in Latin America. Peru. The highest denomination there is 200 feet which Is equal to $ 53.60.

In MexicoThe family of banknotes has that 1000 Mexican Pesos As higher, Represents $ 50.46 At the reporting rate. If we compare to Argentina, This paper is worth six times more dollars than the local $ 1000.

In UruguayIs the highest cost ticket 2000 Uruguayan pesoWhat It costs $ 49.58In the meantime Brasil Spread the paper 200 RealWhose value can be converted $ 41.64.

In BoliviaThe central bank has determined that it is the paper with the highest denomination 200 BolivianConvertible $ 29.11; in Colombia it’s there 100,000 Colombian peso banknotes ($ 25.14); And in Chile, 20,000 Chilean Pesos They are worth it $ 24.13.

Nearest country ArgentinaIt is in terms of the purchasing power of its tickets Paraguay. There’s the most valuable role 100000 GuaraniWhich is enough to do at the current rate From $ 14.64.

The list shows that ArgentinaWith the current family of banknotes and their purchasing power due to inflation, Is in an abnormal condition. Circulation of securities in which their purchasing power appears to be impaired is generated Discomfort in transactions (More purchases are required for each purchase), Higher costs (More cash is needed to store) and Operations (Logistics, transportation, ATM operation, etc.).

Meanwhile, the government is preparing to launch a new family of banknotes to replace the existing one, which reflects the local fauna. The current initiative is to re-use the figure of the characters, though The inclusion of a higher denomination bill was ruled out.

$ 1,000: A History of the Erosive Role

A brief history of the $ 1,000 banknotes reflects the deteriorating Argentine economy and the impact of inflation on purchasing power. Because of his time Launch, December 1, 2017The paper illustrated with the baker was the equivalent of $ 59.90.

At that moment, The official exchange rate was $ 17.55 And Inflation will close at 24.8% this year. But the economic crisis, which began in April 2018 at the exchange rate, accelerated price increases and eroded the purchasing power of the local currency.

If it is valued at the official exchange rate ($ 123.75 at Banco Nación), $ 1,000 bill Represents $ 8.08. In other words, in less than five years, it has lost more than 86% of its value in dollars.

The deterioration is deeper if considered at a parallel exchange rate. Ეart Dollar Blue At $ 204, a $ 1,000 bond is enough to buy $ 4.90.