Does Argentina Need More Bitcoins or Larger Banknotes?The present economic situation torments Argentinians in multiple ways. For example, due to the unrelenting inflation, authorities were finding it increasingly difficult to handle the large volume of banknotes, to the extreme that many ATMs were malfunctioning due to wear and tear, as they had to be constantly replenished, because of intensive use.
As a result, the Argentine Central Bank has been forced to introduce a new denomination bill. In effect, the Central Bank introduced a new 500 pesos bill, which started to circulate on June 30, 2016. The 500 note is now the highest current denomination (about $33). The 100 pesos bill is the second highest denomination (about $6).
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