China helps print another country's currency! 7.7 trillion banknotes delivered, but the problem remains entrenched

The Chinese Mint not only undertook the printing of domestic currency, but also won a huge order from Argentina... Since taking office in November last year, Argentine President Javier Milley has quickly implemented a series of drastic economic reforms in the country, actively devaluing the Argentine peso by 54%, reducing government departments by half, and vigorously promoting the privatization of state-owned enterprises and selling state-owned assets.

The total amount of banknotes reached 7.7 trillion pesos, which is expected to meet Argentina's needs for a period of time, and more banknotes will arrive from China in the future. Although the denomination of banknotes has increased to 10,000 pesos, the demand is still strong, which in itself reveals a dangerous signal.

However, even if we print more banknotes for Argentina, it will only alleviate the symptoms rather than cure the root cause. Argentina's economic problems are chronic diseases that have accumulated for more than a century, and President Milley's four-year term and "shock therapy" are difficult to completely solve.

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