A new bill has been proposed to create a new national currency in Argentina. The Argentum (AG) would replace the peso and eliminate three zeros, echoing back to Argentina’s failed economic policy in the 1990s, where one peso equalled one dollar. The fall in this system of currency was one of the leading causes of the 2001 economic crisis that engulfed the country.

The aim of the bill, which is unlikely to pass, was brought to the Chamber of Deputies by representative Ricardo López Murphy. He argued the “need to reduce the number of zeros to simplify budgets, billing, and........

© Buenos Aires Herald