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Argentina Faces Historic Wage Slump Amid Economic Reforms
Argentina’s private sector witnessed the sharpest wage decline in nearly 30 years due to the peso’s significant devaluation under President Javier Milei, reports indicate. This significant financial shift highlights the immediate impact of Milei’s economic strategies, as detailed by government findings. In December, inflation-adjusted salaries dropped by 11%, the steepest monthly decline in 29 years […]
New High-Value Banknotes Set for Release in Argentina
Argentina’s Central Bank today announced the release of new 10,000 and 20,000 pesos banknotes in June to combat inflation. The current highest note, 2,000 pesos, is worth about 2.45 U.S. dollars. These new notes will make transactions easier and reduce costs in the financial system. The bank reused existing designs to save resources. The 10,000 […]