Literally decades using all means to tame dizziness inflation, Argentina now turns to another unconventional way to track changes on the price front: artificial intelligence.

The Buenos Aires government is developing software that uses machine learning and artificial intelligence, again developed with government software. With the help of the satellite service, Arstat monitors and records price increases in real time.

Among the various unconventional methods it has tried to curb inflation, the government has also ordered a “freeze” on the prices of some necessities, and most recently struck deals with businesses to try to control the pace of price increases.

The government is required to refrain from further raising the key interest rate so as not to “freeze” economic activity. To ensure companies comply with price control agreements, the government has gone so far as to regularly send ministers or mayors to the country’s supermarkets to check that prices are in line with the agreed ones.

However, the company is now taking it one step further by introducing two new software: one that tracks real-time prices posted on the products of those supermarkets that participate in the relevant agreements, and the second allows you to check prices when they are posted in networks.

Inflation, however, remains high despite these policies and has recently increased from 5% to 7.4% on a monthly basis. Compared to the same period last year, inflation is approaching 100% and is one of the highest levels in the world.

The country’s central bank was forced to issue a 2,000 Argentine peso banknote.

“Inflation is Argentina’s biggest problem and the worst poison for its economy,” Economy Minister Sergio Massa commented a few days ago, while regarding the price control program, he stressed that “the government expects companies, workers, supermarkets and manufacturers to obey, as it is in the interest of all Argentines.” After all, he announced his intention to impose price caps on fruits and vegetables from next week.

In addition, a few days ago, inflation forced the country’s central bank to issue a 2,000 peso banknote, equivalent to $11. This was preceded by the latest data, according to which inflation in December was 95%, the highest recorded level was noted in the country. since 1991. Until now, the banknote of the highest denomination in circulation is 1000 pesos.

In a related announcement via Twitter, the central bank said the new banknote would feature elements “celebrating the development of science and medicine in Argentina.” It will feature two of the nation’s pioneering physicians, Cecilia Grierson and Ramon Carrillo.

However, it is not yet clear when it will be ready to enter the market. It should be noted that in 1992, when Argentina adopted its current currency, its value was pegged to the dollar at a one-to-one rate. However, Buenos Aires abandoned the fixed exchange rate system and the dollar peg when the country faced a massive financial and debt crisis in 2001–2002.