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With Mint at 100%, Argentina Imports Bills to Meet Cash Thirst

  • Inflation and soaring central bank issuance overwhelm the mint
  • Government resisted the idea of higher-denomination notes
Argentine Peso Seen Avoiding Collapse After Hitting Record Low
Photographer: Sarah Pabst/Bloomberg

Argentina is rushing to import bank notes as its national mint struggles to keep pace with soaring central bank issuance and inflation of more than 40%.

The mint is importing printed bills for the first time in five years, and is also boosting its purchases of the paper used to make banknotes, according to three people with direct knowledge of the matter.