$100 bills flying around a garbage dump in Argentina have sparked a small gold rush.

"A friend got out of his truck and saw a perfectly clean $100 bill on the ground," Federico Baez, who was one of the first to collect the bills at the Las Parejas landfill, told AFP.

Together with five friends, he collected as many bills as possible.

"It was like a game of who finds the most," Baez said.

The six of us collected $10,000.” A young man even found $25,000 at the garbage dump the next day.

According to reports in online networks, it is said to have been the estate of a lady who kept the money in the false bottom of a cupboard.

Authorities have since banned access to the dump.

Argentina is suffering from chronic inflation, which has meanwhile passed the 50 percent mark.

Food, fuel and other everyday necessities are becoming more and more expensive.

More than a third of the country's population now lives below the poverty line.

In addition, many Argentines do not take their savings to the bank, but keep them at home in dollars.

After the Las Parejas dump incident broke, a number of memes were posted, including those of President Alberto Fernández and Vice President Cristina Kirchner scavenging for green bills in the trash to boost the country's economy.

The value of the Argentine peso has fallen particularly sharply in the past few weeks.

Crucial to economic life in the South American country, however, is the so-called dollar blue, the value of which has also recently decreased by around a third.

Since the Argentine government severely restricted access to foreign exchange in 2011, dollars in the country have increasingly been bought on the black market - earning them the nickname "dollar blue".