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They look like cash, fit into wallets like cash and the governor promises they’ll be treated like cash. But these brightly colored banknotes aren’t pesos, the depreciating national currency of Argentina, or U.S. dollars, everyone’s money of choice here.

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How a broke Argentine province is countering Milei's deep austerity cuts

After entering office last year, far-right President Milei swiftly imposed his fiscal shock therapy, slashing federal budget transfers to provinces

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An Argentine province has a creative solution to President Milei's austerity: Printing its own money

After entering office last year, far-right President Milei swiftly imposed his fiscal shock therapy, slashing federal budget transfers to provinces.

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Associated Press LA RIOJA, Argentina (AP) — They look like cash, fit into wallets like cash and the governor promises they’ll be treated like cash. But these brightly colored banknotes aren’t pesos, the depreciating national currency of Argentina, or U.S. dollars, everyone’s money of choice here. They are chachos, a new emergency tender invented by the left-wing populist governor of La Rioja, a province in the country’s northwest that went broke…

News-Press & Gazette Company

Associated Press LA RIOJA, Argentina (AP) — After entering office last year, far-right President Milei swiftly imposed his fiscal shock therapy, slashing federal budget transfers to provinces. The cuts boiled over into a full-blown crisis in La Rioja, where the public payroll accounts for two-thirds of all registered workers and the central government’s redistributed taxes cover some 90% of the budget. Faced with a desperate squeeze for pesos, t…

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LA RIOJA, Argentina (AP) — They look like cash, fit into wallets like cash and the governor promises they’ll be treated like cash. But these brightly colored banknotes aren’t pesos, […]

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LA RIOJA, Argentina (AP) -- They look like cash, fit into wallets like cash and the governor promises they'll be treated like cash.

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Leon Cooperman

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LA RIOJA, Argentina (AP) — They look like cash, fit into wallets like cash and the governor promises they’ll be treated like cash. But these brightly colored banknotes aren’t pesos, the depreciating national currency of Argentina, or U.S. dollars, everyone’s money of choice here. They are chachos, a new emergency tender invented by the left-wing populist governor of La Rioja, a province in the country’s northwest that went broke when far-right P…

My Mother Lode

An Argentine province has a creative solution to President Milei’s austerity: Printing its own money

How a broke Argentine province is countering Milei’s deep austerity cuts

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