Argentina’s annual inflation rate reached 287% in March, among the highest in the world.



The new denomination¹ note — five times the value of the previous biggest bill — is expected to hit the streets next month in a bid to “facilitate transactions between users,” the central bank said.

Given the instability unleashed² by Argentina’s worst financial crisis in two decades, vendors³ prefer cash payments for big purchases and offer steep discounts to incentivize paper bills over electronic transfers.

The new 10,000 peso notes feature small artistic⁴ portraits of Manuel Belgrano, a founding father of Argentina, and María Remedios del Valle, a Black Argentine woman and army captain who gained fame fighting the country’s War of Independence.