Take physic, pomp

Argentina’s new 500 Peso banknote

As from tomorrow, June 30th 2016, this goes into circulation in Argentina (front and back shown):

The new 500 Peso banknote takes over from the 100 Peso note as Argentina’s biggest denomination note and it’s about time, too. With the forex standing at ArgP$15.29 to one US Dollar, it means that up to today the biggest note, the 100, had the buying power of U$6.54 and people either had to credit card even for small-scale purchases or carry around bulky wads in their pockets.
Anyway, the new 500 has a U$32.70 equivalent and makes more sense. Nice picture of a jaguar on it too, a resident of the far North of the country.

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