# Argentina OKs new 2,000 peso bill as inflation bites, still only worth $5 | Reuters

> Argentina has approved a new 2,000 peso banknote as inflation remains one of the highest in the world, with prices rising 95% last year. The note is worth only about $5 at prevailing exchange rates amid a steady devaluation of the peso.

- Date: 2023-02-02 · published 2023-02-02T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/37597-argentina-oks-new-2-000-peso-bill-as-inflation-bites-still-only-worth-5-reuters
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Persistent peso devaluation and high inflation shape farmer selling behaviour and export pricing in Argentina, a major soymeal and corn exporter, but the currency move alone does not change global feed prices.

## Sources

- reuters.com: https://www.reuters.com/world/americas/argentina-oks-new-2000-peso-bill-inflation-bites-still-only-worth-5-2023-02-02/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.