MercoPress. South Atlantic News Agency
Argentina new bills: Evita and Malvinas out, replaced by Andean deer and condor
Inflation plagued Argentina will be issuing higher denomination bills and at the same time will avoid politics and history, concentrating on images of autochthonous fauna in danger of extinction. This means that the latest bills issued, 100 and 50 Pesos, with the image of Evita Peron, and Falklands/Malvinas and the notorious Gaucho Rivero, should quickly become collection pieces. Read full article
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Disclaimer & comment rules“ The refusal to print higher-denomination notes came as the peso steadily lost value over the past decade. While the 100-peso note was worth US$34 in 2003, it is now worth a paltry US$7.2.”
Jan 18th, 2016 - 11:28 am - Link - Report abuse 0And that is the problem for Macri's new government for which he has four years to prove to the idiotic Peronistas that they will be better off.
Getting the Peronist whore off the note is a good move.
The way Macri is going and with a bit of luck, TMBOA will die from her screaming attacks brought on by all this 'destruction' of her and Bug Eyes 'legacy'. I do hope that is the case.
When the new 1000-peso note is released next year it will be worth the equivalent of US$0.17
Jan 18th, 2016 - 11:41 am - Link - Report abuse 0Yep it is obviously Macri is systematically trying to make Kristina forgotten.
Jan 18th, 2016 - 12:12 pm - Link - Report abuse 0Erase that nasty old hag from the history books. He is making all the right moves.
I bet there are plenty of Americans who would want Macri as president instead of the idiot bunch lining up at the moment.
@ 2 Marti Llazo
Jan 18th, 2016 - 12:16 pm - Link - Report abuse 0Although I have no proof to support this statement other than my considered opinion (as distinct from other 'opinions' we get with regular monotony on here) the moves that the new government are making will undoubtedly strengthen the Pesos from where it is now.
That, after all, is what Macri is after, is it not?
@4. Really? I may have to bow to your experience. BUT, continuing the Malvinas Lie? Refusing a “standard” non-disclosure agreement? What else is he up to?
Jan 18th, 2016 - 03:14 pm - Link - Report abuse 0@4 Macri has a hard row to hoe. He has a very limited power base and little influence in the legislature, which is still very much controlled by Peronists and suffers from a still-strong Kirchnerist bloc. Deeply entrenched Peronist corruption still affects how things are done or rather, not done.
Jan 18th, 2016 - 04:03 pm - Link - Report abuse 0The end of the cepo comes with increased inflation and the labour unions now clamouring for 30 percent wage increases, while history reminds us that their demands are historically associated with barricades and looting.
Argentina's offer to the creditors later this month will almost certainly be rejected as laughable, niggardly, and insubstantial and anyway there is no cash to pay it. And any decent offer acceptable to the creditors would be rejected the the legislature anyway, so what's the point? Small increases in world food prices help a little, but only a little. Getting rid of worthless make-work projects like the Sta Cruz “Néstor” dam construction helps a tiny bit. The arrest of Milagros Sala and the beginning of the breaking up of that massively corrupt mob is a positive step but invites violence not only up in Jujuy but elsewhere.
The chronically exuberant, in league with those trying to sell new debt or similarly lipsticked pigs, are saying Macri is making the “right moves.” But those moves are, in the larger picture, small potatoes. Symbolic moves and good intentions, well, the road to hell is paved with good intentions. Moving away from being the poster child of the Perpetually Dysfunctional Nation of course has to start somewhere, and small improvements are useful as psychological fodder for the media looking for a human-interest story. There is massive inertia to overcome here. Argentina is still going to be recognised as the dangerously unreliable pariah state for a long time by the truly conscious and the responsibly informed. Let's come back in two years and see if there is any meaningful degree of improvement.
@ 6 Marti Llazo
Jan 18th, 2016 - 07:18 pm - Link - Report abuse 0When I suggested as much before Macri took power I was howled down and called all sorts of names from the usual suspects including @ 5 who has now changed his stance somewhat.
No doubt you will get a bye on that.
We see another promising move by the Macri government: getting rid of the fleet of the four narcissistic presidential aircraft (which CFK couldn't use much of the time for international flights anyway since they were subject to seizure to cover unpaid debts - and number 1 is going to take some US$20 million to fix).
Jan 18th, 2016 - 09:11 pm - Link - Report abuse 0The planes were named after some old bordello dances, as befits the Peronist image (Hi, I'm Evita; fly me).
Macri says he'll fly commercial as a first choice or in private chartered aircraft when necessary. There's still one relatively new but rather small Learjet 60 to be kept and the rest are basically old and worn out junk going the way of CFK.
There were a couple of government ministers initially interested in taking over the Boeing 757 but when they saw the quote to get it repaired and serviced they said, de ninguna manera, José.
What has the lithography of Argentina's bills have to do with Brazil? Looks like the British government bureaucrats at Mercopenguin have screwed up again.
Jan 19th, 2016 - 12:15 am - Link - Report abuse 0In any case the UK will return the Malvinas within the next 25 years irrespective of what or who is presented on the bills.
9. Pretty sure you said 25 last year
Jan 19th, 2016 - 12:49 am - Link - Report abuse 0and the year before that
and the year before that
and....
Gaucho Rivero killed the representatives of Louis Vernet -- if there was any political motive to his actions, then he was leading a revolt against Argentina, not against Britain.
Jan 22nd, 2016 - 06:18 am - Link - Report abuse 0Commenting for this story is now closed.
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