Critics say new Argentine banknote too small

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BUENOS AIRES, Argentina (AP) — Critics of President Cristina Fernandez say she missed a perfect opportunity to ease strains on Argentina’s currency supply when she unveiled a new 100-peso note honoring Evita Peron this week, shunning calls for bigger bills as inflation erodes the value of the paper in people’s wallets.

The 100-peso note is still Argentina’s highest denomination, worth just $22 at the official exchange rate and about $16 in the illegal exchanges that most people have to use to buy dollars amid ever-tighter currency controls. With rampant inflation, that forces people to handle increasingly large wads of cash.

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