According to the document, 2,250.4 $1,000 bills were issued. The second place was occupied by the $100 bill (2,175.9) and, lastly, the $500 bill (1,310.6). In the case of coins, the most striking is the issuance of 2,713.4 0.10-cent coins, which are the least used. In second place is the $1 coin (1,964.3) and 0.5 cents (1,272.5).
According to Bloomberg, the number of $1,000 bills grew 81.7%, going from 1,238.2 million units in mid-October 2021 to the current 2,250.4 million. That implies that nearly 45% of all $1,000 bills in circulation today were put into circulation in the last 12 months. Reverse path The $100 bills traveled: today there are 443.1 million fewer units than a year ago.
Loss of purchasing power
The $1,000 bill, since it was listed in November 2017, has already lost more than 90% of its value. However, this fall is not the largest for an Argentine bill in history.
The consulting firm Focus Market prepared a report in July in which it reviewed the greatest losses in purchasing power of the largest denomination Argentine bills in history. There you can see a review of the processes of deterioration that the national currency has suffered.
The Argentinian bill of greater denomination that lost its value the mostaccording to the survey of Focus Marketit was the one million pesos law. It was issued on November 25, 1981, but 48 months later it was worth less than $1,500.
Source: Ambito
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