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Argentina: Deputy presents proposal to cut two zeros off the peso

RIO DE JANEIRO, BRAZIL - Opposition congressman Gerardo Milman has presented a bill in Argentina to remove two zeros from the local peso as a result of inflation in the country.

According to the proposal, the Central Bank of the Argentine Republic (BCRA) would issue coins with parity to the current ARS 100 (US$0.84).

According to the project, the current banknotes in circulation would continue to be valid, but the hundredth part of the peso . . .

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