MercoPress. South Atlantic News Agency
Roaring inflation: Argentine “double zero” peso bills are “legal tender”
An issue of Argentine 100 Pesos bills printed in Brazil and in circulation in Buenos Aires was discovered to be missing the “1” which left them with only the double 00. Read full article
Comments
Disclaimer & comment rulesSome would say the double zero is merely a reflection of what the currency is actually worth.
Jul 05th, 2012 - 08:36 am - Link - Report abuse 0I'm not sure what is most shocking:
Jul 05th, 2012 - 08:44 am - Link - Report abuse 0- Having to rush to print money to make payments.
- Having to print currency outside of the country because of industrial action.
- Allowing bills with such an obvious quality issue to enter circulation.
- Allowing bills that look like cheap knock-offs to remain legal tender.
Now...in many countries just one of these would cause resignations and serious political repercussions.
Surely Argentina deserves better?
This is quite village. Surely someone will have the resign over this.
Jul 05th, 2012 - 09:09 am - Link - Report abuse 0It's perfectly suitable in times of runaway inflation.
Jul 05th, 2012 - 09:12 am - Link - Report abuse 0Just write the number ahead of the noughts when you go to pay for something
CFK should incorporate it into her “model”
These blunders happen, its not really political at all and sensible enough that they should remain tender as there can be no mistaking what they are
Jul 05th, 2012 - 10:09 am - Link - Report abuse 0To use an Argentinean phrase...this would never happen in a serious country.
Jul 05th, 2012 - 10:44 am - Link - Report abuse 0Best thing to do is get rid of these and the other bills (of inferior quality) printed in Brazil. The government wants people in Argentina to think in Pesos (which is fine) but to ensure this happens people need to have complete and utter confidence in the currency. These kinds of actions will erode that confidence (you can imagine people thinking “why should I have confidence in the Peso if they can't even print the notes correctly”). This is fair enough I suppose, so, round up all these bills and then replace them with correctly printed notes.
Any normal nation would simply recall the notes to be exchanged for properly printed ones.
Jul 05th, 2012 - 10:48 am - Link - Report abuse 0The Argentine approch - “Hey it'll do - they're close enough”
What about the elderly, people who don't watch the news etc etc etc?
If somebody gave me a “00” valued note I'd simply refuse to accept it.
Its very theraputic to have a good laugh first thing in the morning. What a hoot. Perhaps the 00 bills are being allowed as testament to Puricelli's brain.
Jul 05th, 2012 - 11:09 am - Link - Report abuse 0Hahahahahahahahahahahahaha
Por favor!!!! no confundan a SAN MARTIN con Julio A. Roca.
Jul 05th, 2012 - 12:36 pm - Link - Report abuse 0El retrato del billete de $100 no es JAR. es SAN MARTIN!!!!!
pay attention!!!!!!
Perhaps these new notes are dangerous and hold a licence to kill?
Jul 05th, 2012 - 12:51 pm - Link - Report abuse 0Comment removed by the editor.
Jul 05th, 2012 - 12:55 pm - Link - Report abuse 0One would suggest you put all your spare cash into british banks,
Jul 05th, 2012 - 12:58 pm - Link - Report abuse 0if indeed it was worth anything.
@9
Jul 05th, 2012 - 01:04 pm - Link - Report abuse 0yea they defifntly fed up that photo caption, the 100 pesos note is indeed Julio Argentino Roca as it celebrates the conquest of the desert on the back.
@7 How right you are! .
@5 are you kididng me! They should never of gone into circulation, but the money is desperatly needed as the article says due to inflation
Also workers are not paid a bonus our salary is divded into 13 parts and we recieve 1/13th per month except in December and July when we get 1.5 x our normal monthly salary.
Comment removed by the editor #11
Jul 05th, 2012 - 01:11 pm - Link - Report abuse 0El del Billete es JAR. no SAN MARTIN
More wonderful news about the argentine economy, recession at the end if the year I'm reading now, along with our of control inflation. I want a ringside view when the collapse arrives.
Jul 05th, 2012 - 01:51 pm - Link - Report abuse 015 Britworker (#)
Jul 05th, 2012 - 02:06 pm - Link - Report abuse 0Please don't gloat so much, some of us, about 40% are NOT malvinistas!!!!
The government is now discussing whether to issue 200 and 500 peso notes with Hipólito Yrigoyen & Juan Domingo Perón on them respectively...make of that what you will. I'm still amazed that the government can start thinking about doing this whilst at the same time refuse to recognise that there is an issue with inflation.
Jul 05th, 2012 - 02:07 pm - Link - Report abuse 0those two zeros are created to put them together with the 2 $ bill, just because with 2 $ right now you cant buy nothing....this is been creative!! The level of infaltion, devaluation is so high, we need more zeros now.
Jul 05th, 2012 - 02:21 pm - Link - Report abuse 0they should put them out of circulation. In shops, people wont accept them, neither do I.
17. They've been talking about making those denominations for awhile. I think it would be another blow to consumer confidence. I guess you have to use a $500 note for things that just a couple years ago you could pay with a $100.
Jul 05th, 2012 - 02:22 pm - Link - Report abuse 0Sometime soon they'll be adding zeros onto the ends of every bill. Austral anyone? Just like the last time they had hyper inflation except this time there will be not be the USA or IMF help. Need to teach them a lesson to behave and get with the program.
ouch
brr
it is not serious at all, a bill of two zeros!!! tell the comapny that made them, to do them the right way!! how is it they didnt notice they were doing them bad!! what company have they used to made the bills?? its a laugh...cant be truth, they say that we must think in pesos, and they dont even take care to inspect how they make the bills and that they are well done?? this is a joke
Jul 05th, 2012 - 02:31 pm - Link - Report abuse 0@19
Jul 05th, 2012 - 02:35 pm - Link - Report abuse 0You missed out “Knock knock”
Another sign of how inferior Argentina is. For a nation with so much false pride and ego, one would think that would never circulate. I wonder if ANYONE in Argentina has the audicity to end Argentina's misery and remove KFC's oxygen, or will they behave like rat's following the Pied Piper of Buenos Aires ver the edge of the pink house.
Jul 05th, 2012 - 02:38 pm - Link - Report abuse 0Pork and Pasta for all who remain loyal.....viva KFC! (she got a great deal on pork and pasta for opening the factories)
they are all day printing money, printing money, printing money, we have seen this film before
Jul 05th, 2012 - 02:39 pm - Link - Report abuse 0@23
Jul 05th, 2012 - 02:49 pm - Link - Report abuse 0Yup, history doesn't repeat, but it does rhyme
Born in Argentina, Made in Brazil.
Jul 05th, 2012 - 02:52 pm - Link - Report abuse 0What a deadly combination.
Why doesn't someone print a '5' on them.
Jul 05th, 2012 - 03:23 pm - Link - Report abuse 0Given that nobody noticed all the cock-ups on the notr before circulation, who would notice that?
Ha, ha, ha to the power google!
@ 22 --> True, we are a country of less than UK and many others, are Latinos, we are in the south and they in the north. English culture is ancient, top us we are just beginning to form our identity just 200 years we as a nation, you British more than 1500 years. Of course I recognize the “superiority” of Anglo-Saxon civilization .. Now, I ask: What do you here? For occupy the territory of a underdeveloped country? Why do not you return to your country and enjoy the benefits of the first world? Do not wait for your neighbors' quality of life with your European neighbors .. What are you waiting Islander, return to your country!
Jul 05th, 2012 - 08:13 pm - Link - Report abuse 0@27 - Xavierv. Since you've decided to change the subject...
Jul 05th, 2012 - 08:22 pm - Link - Report abuse 0Just which country did your ancestors come from?
The Falklanders colonised an uninhabited group of islands, whereas Argentina stole the land from the indigenous population and murdered them and destroyed their culture. And you want to do the same thing to the Falklanders, don't you, even though they have lived there longer than Argentina has existed?
Go back to Europe Xavierv and give the land back to the native inhabitants, of which there are just over half a million of them left. GO HOME TO SPAIN COLONISING INVADER!
Now the story so far.... No sane government in the world would allow inferior quality bank notes to remain in circulation. I mean how are the ordinary people meant to tell the 'official' bank notes from any 'forged' bank notes if the official ones look like cheap knock-offs anyway?
@ 28 -->You do not realize that we are not the problem? Here in this part of the world do not have much development, if you want to see that you return to your country and stay there. For these places only find underdeveloped countries. You see it? To give you an idea Argentina is the country which has the best combination of quality of life of all the Latin countries and why we're wrong, you can imagine as are the other countries. If you think a country Argentina backward not want to know your opinion of the rest of our neighbors! But how you see the piss out of the container that you are your island. Because these countries among poor and pretend to laugh at your neighbors. I think the bad neighbor's you and not us. We pay a pension a car and a happy home for your country retornes sure where to find people like you who interact with neighbors and not with us that we are still Barbaros .. Do not you think?
Jul 05th, 2012 - 08:26 pm - Link - Report abuse 0@29
Jul 05th, 2012 - 09:44 pm - Link - Report abuse 0The only person calling South America backwards is you. The only problem Argentina has is itself.
You have enough natural resources to make you one of the richest countries in the world, the only thing that keeps you from taking your place in the world is you, the people. By allowing rampant corruption to run amok unchecked until it has become 'normal' business practice has ruined and continues to ruin Argentina. Even if you gained the Falklands tomorrow all your problems would continue and expand to the Falklands, as corrupt officials and politicians would rush to stuff their own bank accounts full of money, while the rest of you continue to live in poverty.
Argentinians don't like to face this one simple fact, and because of this you will never escape from this cycle of corruption and poverty. After all it's easier to blame 3,000 innocent and peaceful people than to face the truth about yourselves.
@ 28 --> You're wrong? I do not consider myself Spanish, I do not like those Gallegos., I have Spanish citizenship or Spanish passport. We have broken the umbilical cord since 1810. But instead you if you consider yourself British, British citizen and you have a British passport .. You're British .. An English gentleman refined and sophisticated as you should not mix with their neighbors walking primitive and barbaric .. Do not you think? I repeat, just a path to your future: back to your country.
Jul 05th, 2012 - 10:00 pm - Link - Report abuse 031- Not sure who you are aiming at- I am 6th generation born in the Islands - I am IN MY HOME COUNTRY!!!
Jul 05th, 2012 - 11:54 pm - Link - Report abuse 0The peso notes - an any Argentine explain to me HOW did their Govt get the USDollars to pay the Brazilian printers if they were incorrect?
Or perhaps the Brazilians did it on purpose when they found they were only going to get some pesos and not proper money!
Workers at the Argentine currency printing house have been in conflict for several weeks interrupting production of bills and thus forcing the Central bank to have them printed in Brazil.
Jul 05th, 2012 - 11:54 pm - Link - Report abuse 0actually no they've been printing a full speed too hence the crazy inflation.
No money left, now they print bills with 00 // %% @@ ** hahaha
Jul 06th, 2012 - 12:51 am - Link - Report abuse 0When a rich man usurps land in a poor neighborhood, you can not expect your neighbors to be treated with good manners. The rich man has two options, or investing heavily in site security or returns to its rich neighborhood. But it can not require its barbarous neighbors the same treatment he receives from his friends more refined, as the first: the neighbors do not have such a high degree of social sophistication and second because the rich man is seen in the neighborhood as a frog out of water . Do not blame your neighbors for your own negligence, return to your neighborhood where you'll be more like Islander.
Jul 06th, 2012 - 03:35 am - Link - Report abuse 0Could be Worse.
Jul 06th, 2012 - 07:22 am - Link - Report abuse 0@35 - Xavierv.
Jul 06th, 2012 - 07:41 am - Link - Report abuse 0You have just proved the points I made on post 30.
Argentina's modus operandi - bury head in sand and blame someone else.
Pathetic.
And now your corrupt government can't even print bank notes of decent quality. Time is running out before Argentina implodes, but as usual you 'bury your heads in the sand, and blame someone else.'
l suppose there are just too many of these bogey notes to be collector's items?
Jul 06th, 2012 - 09:12 am - Link - Report abuse 0Recall them all & overprint a “2” or even a “3” near the two zeroes.
That would be novel, a 300 peso note.
Xavierv,
You have NEVER owned the Falklands, we do.
You go back to your country in Europe,
You're implanted in lndian land.
#27 XAVIERV
Jul 06th, 2012 - 01:10 pm - Link - Report abuse 0You are incorrect in assuming I am a brit.....I am an American. My identity as a country is a mere 226 years old as of July 5th.
@27 Can you not read? Go back and read all the previous comments. The topic has been DONE. Not going over the same ground again. Let us know when you have something NEW!
Jul 06th, 2012 - 02:30 pm - Link - Report abuse 0@29 Think on. And use English.
@31 You speak Spanish? You're Spanish. If you're not Spanish, why aren't you speaking a South American language?
@35 You've got it the wrong way around. First there was a “rich” neighbourhood and then the trash moved in nearby. They'd always been around, but they finally decided to steal someone else's property and back up their squatting with guns. Certainly true that you've dragged the area down to the sub-human level. You just need to get yourselves together and move north-east. About 2,500 miles. Can you swim? You may get the hang of it after a while. And if you can't? Do we care?
@ 35 XAVIERV, you are the old fake paddy O'gara. Aren't you? It's been a long time, we've missed you :) How have you been, p*ssy?
Jul 06th, 2012 - 04:00 pm - Link - Report abuse 0Commenting for this story is now closed.
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