Plenty of banknotes in Argentina, yet Argentines are not rich

[MilHojas]

There are plenty of banknotes in Argentina, yet Argentines are not rich

Inflation has devastated the value of the peso and the highest denomination bill is worth just a little over $10

english.elpais.com

 

[Ries]

Isnt that the same in every country on earth? Leon Musk, as a certain presidential candidate calls him, has plenty of banknotes. But somehow the majority of US workers earn something like $45,000 before taxes. Where, exactly, are the people rich ?

 

[Quilombo]

Inflation disproportionately effect the poor but income inequality even more so.

Look at Buenos Aires, a few miles from Puerto Madero which has a higher HDI than most countries on Earth and you're in Villa 31 where that Armenian guy got killed for his bicycle.

 

[MarshallE]

20,000 peso banknotes is news to me. A welcome change to be sure.