# Argentine bills strain wallets (literally) amid inflation drain | Reuters

> Argentina's peso banknotes are losing purchasing power as inflation nears 60%, with the largest 1,000-peso note worth under $5 in alternative exchange markets. Carrying large amounts of cash has become a security and logistical problem for savers, businesses and banks.

- Date: 2022-05-24 · published 2022-05-24T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/41667-argentine-bills-strain-wallets-literally-amid-inflation-drain-reuters
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Currency weakness and capital controls push Argentine buyers toward dollar-linked and alternative channels, which can weigh on local demand for imported feed inputs and raise the cost of procurement. The effect on global soymeal and corn prices is indirect.

## Sources

- reuters.com: https://www.reuters.com/markets/us/argentine-bills-strain-wallets-literally-amid-inflation-drain-2022-05-24/

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