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In response to sky-high inflation, Argentina has introduced a new 10,000-peso banknote, valued at approximately $11 USD. This measure aims to simplify transactions and reduce the physical bulk of cash that citizens must carry. The introduction of the banknote is a direct consequence of the country's annual inflation rate nearing 290%, with expectations of even higher denominations like a 20,000-peso note later this year. Additionally, over 500,000 Argentinians have participated in Worldcoin's iris-scanning initiative, led by Sam Altman's blockchain project, receiving $50 in cryptocurrency for their participation.
Argentina is now circulating 10,000 peso notes for the first time in the country's history, worth the equivalent of 11 USD! 🚨 That's right, a 10,000 peso note will get you a ham sandwich. https://t.co/fvUQvNAgXM
With inflation soaring, Argentina will start printing 10,000 peso notes https://t.co/lCOI3bPGYM
LATEST ‼️ - Argentina's government has officially introduced a 10,000 peso note, currently worth ~$11. With annual inflation closing in on 290%, a 20,000 peso note is expected later this year... What advice would you give to the people and government of Argentina? #Bitcoin https://t.co/rBlvrXg2Hs