Change needed as Argentina coin shortage grows

The Argentina coin shortage is growing as inflation makes a coin's metal worth more than its face value.

Despite Argentine President Cristina Fernández de Kirchner’s promise more than a year ago to introduce electronic bus tickets in Buenos Aires, the vast majority of the capital’s bus lines still only accepts coins. This would not be such a big deal if not for the fact that Argentina has had a coin shortage for more than three years. The crisis has turned normally mundane tasks – like buying a newspaper or a snack – into a big hassle.

We talked about this for some time. When the intrinsic value of a coin's composition exceeds its face value, they tend to disappear from circulation. A problem for not only Argentina but also Canada, the United States or any other nation that devalues it currency.

Source: csmonitor.com