Why Are Argentina's Highest-Denomination Currency Bills Being Printed By a State-Owned Company in China? | naked capitalism
Why Are Argentina's Highest-Denomination Currency Bills Being Printed By a State-Owned Company in China? | naked capitalism
https://www.nakedcapitalism.com/2024/05/why-are-argentinas-highest-denomination-cash-bills-being-printed-by-a-chinese-state-owned-company.html
Javier Milei on the campaign trail, eight months ago: "Not only am I not going to do business with China, I am not going to do business with any communist."
Turns out Argentina and many more countries rely on Chinese companies even to produce bills 😅
Some governments have asked Beijing not to publicise the deal because they are worried such information could compromise national security or trigger “unnecessary debates at home”, the person said.
They even know it's shameful lmao.
I wonder how many more "invisible" industries China dominates, i always assumed that central banks had the monopoly on producing their own physical currencies but turns out i was wrong.