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  3. The Argentine Economy

Central Bank to stop printing $1000 and $2000 notes

  • Splinter
  • October 29, 2024 at 10:21 AM

There are 13 replies in this Thread which has previously been viewed 886 times. The latest Post (January 17, 2026 at 5:23 PM) was by serafina.

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    Splinter
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    • October 29, 2024 at 10:21 AM
    • #1

    And is giving the employees of Casa de Mondeda outstanding holidays. I'm not sure what this means or who will print them in future, if ever.

    The $20,000 bills are coming from China.

    Anyway, Milei is getting rid of public employees at an eye watering rate :)

    A Brit In Buenos Aires

  • UK Man
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    • October 29, 2024 at 1:20 PM
    • #2
    Quote from Splinter

    Anyway, Milei is getting rid of public employees at an eye watering rate :)

    Going by my obsevations at the public office I was in last Friday to renew my DNI 75% of those employed there were doing F all. Some were engrossed with their mobile phones while others sat chatting while drinking mate, one was even spotted dragging a bag of dog food from their office to who knows where.

    The other 25% weren't exactly hard at it either.

  • Rice
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    • October 30, 2024 at 1:08 PM
    • #3

    Since they won’t be printing 1000’s or 2,000’s, how quickly do you think that will affect merchants’ ability to make change for a 10,000 note? It could be immediate, as there is already a shortage of smaller bills. It’s not unusual to make a 5200 purchase and hand the cashier 6k, only to have them demand whether you have 200. If you don’t, they shrug and don’t give you your 800 peso change.

    I don’t like to think of a similar situation, with no change back from a 10k note when you make a 2k purchase - -

  • Bombonera
    Guest
    • October 30, 2024 at 2:47 PM
    • #4

    A bit of a distraction from the central discussion but I think interesting.

    My mate arrived in BA yesterday. He went to the WU office on Av Córdoba that I always use. He did his transaction but then also he had brought with him 60000 pesos in 100 peso notes. They happily took them from him and gave him 6 x 10000 notes.

    Honestly I wouldn’t have thought to even ask but he did and got a great result.

  • Rice
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    • October 30, 2024 at 5:43 PM
    • #5

    At this point, I’d rather have 1000 notes than 10,000 notes. Just in case.

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    Splinter
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    • January 16, 2026 at 11:50 AM
    • #6

    US is being compared to a banana republic.

    Trump's Fed fight looks like something from another country
    Donald Trump's stand-off with the US central bank has recalled episodes in other countries - which ended badly for the economy.
    www.bbc.com

    A Brit In Buenos Aires

  • Rice
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    • January 16, 2026 at 11:34 PM
    • #7

    Surprised?

  • GlasgowJohn
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    • January 17, 2026 at 10:09 AM
    • #8

    Would be nice to have a 5,000 peso note.

  • serafina
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    • January 17, 2026 at 10:21 AM
    • #9
    Quote from GlasgowJohn

    Would be nice to have a 5,000 peso note.

    I agree! It also seems ridiculous that prices still have decimals when in reality there is not enough small bills ($10-$20) even to give change below $100

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    Splinter
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    • January 17, 2026 at 1:36 PM
    • #10

    No one uses coins any more and I have a jar full of them, yet they are still legal tender. In the bank the other day, they didn't have $100 change in notes so they gave me bag full full of coins.

    How times have changed. A few years ago I raided a few jars of coins, amounting to around $250 and when I used them at the till in Coto, they were very grateful for the change.

    Now, nobody wants them.

    A Brit In Buenos Aires

  • UK Man
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    • January 17, 2026 at 2:18 PM
    • #11
    Quote from serafina

    I agree! It also seems ridiculous that prices still have decimals when in reality there is not enough small bills ($10-$20) even to give change below $100

    I got a few boiled sweets instead of change the other day. That used to be far more common practice 20 years ago than it is nowadays.

  • serafina
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    • January 17, 2026 at 2:22 PM
    • #12
    Quote from Splinter

    In the bank the other day, they didn't have $100 change in notes so they gave me bag full full of coins.

    I have seen a few chinos with signs that they’d gladly take them. They really count money down to the peso! Perhaps it’s worth checking / spending that $100 in a chino.

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    Bombinova
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    • January 17, 2026 at 4:48 PM
    • #13

    My first ever experience receiving sweets as change was in Italy in the 1970s. From a very vague memory, the rate of exchange was about 1500 lira to the GBP. My memory of note and coin denominations being less clear in my memory.

    And here in Argentina, I’ve received coins in change in Chinos but would never dream of trying to spend them!

  • serafina
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    • January 17, 2026 at 5:23 PM
    • #14

    Nowadays, if I am given change in coins, I politely turn it down - ' you can keep the coins', I say. Then glide away before the other person has the chance to reply.

    My wallet doesn't even have a coin pouch!

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