When Argentina crashed

A worker holds a 20 Patacon banknote after a trip to a cash machine in August 2001. Throughout the 1990s, the peso, the Argentinean currency, had been fixed in a one-to-one exchange rate with the dollar. As a result, the peso became unrealistically expensive, and the Argentinean economy stagnated. Consequently, the provinces issued a number of 'quasi currencies', the strongest of which was the Patacon