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

According to the proposal, the Central Bank of the Argentine Republic (BCRA) would issue coins that would have parity with the current 100 pesos.

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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