Argentina’s central bank has put the country’s first 10,000 peso notes into circulation, in a long-awaited step to streamline the nation’s cumbersome use of large heaps of cash following the collapse of their currency.

Argentina's central bank on Tuesday launched the circulation of a 10,000 peso note, currently worth around $11 as the South American country battles sky-high inflation. The new 10,000 notes, five times bigger than the previously largest bill,

ARGENTINA has a new largest banknote, the 10,000 peso, which is five times the size of the previous top bill though still only worth around US$10 as the South American country grapples with the world’s highest inflation rate that is nearing 300 per cent.