SALTA, Argentina, Jan 3 (Reuters) – Argentina’s money has misplaced a lot worth in recent times that native artist Sergio Guillermo Diaz finds portray on even probably the most helpful banknotes has change into reasonably priced.
With annual inflation that doubtless neared 100% final yr, the biggest denomination of Argentine foreign money, the 1,000-peso invoice, is price round $5.60 formally or simply $3 on parallel markets generally used to skirt capital controls.
“These days it is sensible for me to color on the biggest denominated invoice right here in Argentina. As soon as I paint on it, I can promote it for far more than what the invoice is price,” Diaz instructed Reuters in an interview within the northern metropolis of Salta.
[1/5] Artist Sergio Diaz holds intervened Argentine pesos payments and a US greenback depicting Steven Spielberg’s film “Shark” as a parody of Argentina’s ever-increasing inflation, in Salta, Argentina, December 30, 2022. REUTERS/Javier Corbalan
He says he weaves the themes of inflation and the peso’s depreciation into his works, which additionally function the U.S. one-dollar invoice.
On the banknotes he has painted photos starting from soccer star Lionel Messi lifting the World Cup to satirical photos concerning the peso’s sharp depreciation in recent times – a phenonemon that has helped drag 40% of the nation’s inhabitants into poverty.
Diaz mentioned his work “displays how inflation is lived, how that is rising, which finally impacts us all, completely impacts our lives and our buying energy, how we live by way of this disaster.”
($1 = 178.1 Argentine pesos)
Reporting by Javier Corbalan; Writing by Belen Liotti; Enhancing by Anthony Esposito and Bradley Perrett
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