Argentina halts banknote printing as Milei turns to Chinese suppliers

[MilHojas]

Argentina halts banknote printing as Milei turns to Chinese suppliers

The government has also decided to intervene in the national mint for 180 days, citing serious infrastructure deficiencies, obsolete machinery, and a debt of nearly $400 million

english.elpais.com

Earlier this month, the Milei administration announced a restructuring of the Casa de Moneda. On Monday, the Central Bank of the Republic (BCRA) terminated its contracts with the company, citing high costs, non-compliance, and delays in the provision of 1,000 and 2,000 peso bills ...

 

[Ries]

Nothing spells "advanced economy" quite like having to import your own money...
Milei is driven solely by imaginary ideological systems that have never worked in the real world.
This will not end well.
Although, after he scraps the entire infrastructure to print paper money, when the next administration has to retool and build a new mint, it will have the advantage of being modern and state of the art, and thus much less prone to counterfeits..

 

[dlish]

thus much less prone to counterfeits

Who is counterfeiting peso!?! May as well counterfeit dollars

 

[Ries]

Who is counterfeiting peso!?! May as well counterfeit dollars

Personally I have never had a problem but this very site has warnings going back over the years about cab drivers and stores giving phony change. The fact remains that depending on china for your money is stupidity. What if they raise the printing price above face value?