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

Argentina launches biggest banknote of 10,000 peso worth only $10

The ultra-tight monetary policy that Argentine authorities adopted amid last year's currency crisis has yielded results and given a big boost to the peso, although economists see potential trouble on the horizon ahead of the October 2019 general election.

Argentina's currency gets boost from tight monetary policy

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Argentina launches biggest banknote of 10,000 peso worth only $10

Argentina's currency gets boost from tight monetary policy