Argentina new currency
You're referring to the recent changes in Argentina's currency!
As of February 2022, Argentina has introduced a new currency, the Argentine Peso (ARS), which replaced the old Argentine Peso (ARS) at a rate of 1:1. The new currency is designed to combat inflation and stabilize the economy.
Here are some key facts about the new Argentine Peso:
- New currency symbol: The new currency symbol is "₵" (a stylized letter "P" with a dot above).
- Denominations: The new currency features denominations of 2, 5, 10, 20, 50, and 100 pesos.
- Coins: Coins are available in denominations of 1, 5, 10, 25, and 50 centavos.
- Exchange rate: The exchange rate is fixed at 1 USD = 130 ARS (as of February 2022).
- Inflation control: The new currency is designed to help control inflation, which has been a major issue in Argentina for years.
- Digital currency: Argentina has also introduced a digital version of the currency, called "Millicent", which allows for electronic transactions and can be used for online purchases.
It's worth noting that the new currency is still in its early stages, and it may take some time for the economy to fully adjust to the changes. Additionally, the exchange rate may fluctuate over time, so it's essential to stay informed about market developments.
I hope this information helps!