Argentina: Where Sometimes, One is Greater than Two
I just read an interesting article today by Yes, We Have No Monedas!: Inside the world’s most annoying economic crisis. In it he explains how a coin shortage in Argentina has caused the 1-peso coin to be valued by merchants, and people in general, much more than the 2-peso note. Because of this, vendors are more hesitant to accept larger bills such as 20s and 100s as they are to accept 5s and 10s. It’s a strange situation and nobody seems to know exactly why, but as he explains, everyone seems to have a theory.
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