"Historical exchange rates of Argentine currency The following table contains the monthly historical exchange rate of the different currencies of Argentina, expressed in Argentine currency units per United States dollar. The exchange rate at the end of each month is expressed in: The value of one current peso is 10,000,000,000,000 (trillion) ""pesos moneda nacional"" (m$n), the currency in use from 1881 to 1969. It's also equal, as of the end of September 2018, to around 177 trillion 1914 pesos with the U.S. dollar as reference an average annual depreciation relative to the dollar of 27% (i.e. an annual increase of"
"Argentine peso The peso (established as the ""peso convertible"") is the currency of Argentina, identified by the symbol $ preceding the amount in the same way as many countries using dollar currencies. It is subdivided into 100 ""centavos"". Its ISO 4217 code is ARS. Since the late 20th century, the Argentine peso has experienced a substantial rate of devaluation, reaching 25% in 2017. The official exchange rate for the United States dollar hovered around 3:1 from 2002 to 2008, climbing to 6:1 between 2009 and 2013. By August 2018, the rate had risen to 40:1. Amounts in earlier pesos were"
"a new series of banknotes, with the 200 and 500 pesos banknotes as the newest denominations. A new 20 and 1000-pesos note were issued in 2017, and new banknotes of 50 and 100 pesos were issued in 2018. A new series of coins in denominations of $1, $2, $5, and $10 will be issued in 2018. Argentine peso The peso (established as the ""peso convertible"") is the currency of Argentina, identified by the symbol $ preceding the amount in the same way as many countries using dollar currencies. It is subdivided into 100 ""centavos"". Its ISO 4217 code is ARS."
"Argentine argentino The Argentino was an Argentine currency equal to 5 pesos oro sellado. The 1/2 argentino coin was issued in 1881 and 1884 and it weighs 4.0322 grams. The argentino coin was issued from 1881 to 1896 and it weighs 8.0645 grams. Both were made of gold 0.900. The Argentino was a complementary currency in Argentina announced by then-president Adolfo Rodríguez Saá on December 26, 2001 during the Argentine economic crisis. It would have circulated alongside the peso and the dollar. He resigned on December 30, 2001 and this plan was never implemented. The currency was to replace the"
"Argentine peso moneda nacional The peso moneda nacional was the currency of Argentina from November 5, 1881 to January 1, 1970, the date in which the Argentine peso ley was issued to the Argentine public. It was subdivided into 100 centavos, with the argentino worth 5 pesos. Its symbol was ""m$n"" or ""$m/n"". Its ISO 4217 code was ""ARM"". The peso moneda nacional replaced the Argentine real at a rate of one to eight. It also replaced the peso fuerte at par and the peso moneda corriente at a rate of 25 pesos moneda corriente = 1 peso moneda nacional."
"Argentine peso (1983–1985) The peso argentino was the currency of Argentina between June 1, 1983 and June 14, 1985. It was subdivided into 100 centavos. The symbol was $a. The ISO 4217 code was ""ARP"". The peso argentino replaced the peso ley at a rate of 1 peso argentino = 10,000 pesos ley. It was itself replaced by the austral at a rate of 1 austral = 1000 pesos argentinos. In 1983, coins for 1, 5, 10 and 50 centavos were issued. In 1984, the 50 centavo was again issued, alongside 1, 5 and 10 pesos argentinos. In 1985, 5,"
"Patacón, the LECOP and other provincial bonds. Argentine argentino The Argentino was an Argentine currency equal to 5 pesos oro sellado. The 1/2 argentino coin was issued in 1881 and 1884 and it weighs 4.0322 grams. The argentino coin was issued from 1881 to 1896 and it weighs 8.0645 grams. Both were made of gold 0.900. The Argentino was a complementary currency in Argentina announced by then-president Adolfo Rodríguez Saá on December 26, 2001 during the Argentine economic crisis. It would have circulated alongside the peso and the dollar. He resigned on December 30, 2001 and this plan was never"
"Argentine peso ley The peso ley 18.188, usually known as either ""peso"" or, to distinguish it from the earlier ""peso moneda nacional"", informally as ""peso ley"", was the currency of Argentina between January 1, 1970 and May 5, 1983. It was subdivided into 100 centavos. Its symbol was ""$"", sometimes ""$L"". Its name comes from law 18188 which established it, effective April 5, 1969. Its ISO 4217 code was ""ARL"". The peso ley replaced the peso moneda nacional at a rate of 100 to 1. It was itself replaced by the peso argentino at a rate of 10,000 to 1."
"Argentine austral The austral was the currency of Argentina between June 15, 1985 and December 31, 1991. It was subdivided into 100 centavos. The symbol was an uppercase A with an extra horizontal line, code point ₳. This symbol appeared on all coins issued in this currency (including centavos), to distinguish them from earlier currencies. The ISO 4217 code is ""ARA"". Finance Minister Juan Vital Sourrouille devised the Austral plan. The austral replaced the peso argentino at a rate of 1 austral = 1000 pesos argentinos. In 1992, the austral was itself replaced by a later incarnation of the peso"
"Argentine real The real was the currency of Argentina until 1881. From 1822, it was subdivided into 10 ""décimos"". The ""sol"" was also issued during this period and was equal to the real, whilst the ""peso"" was worth 8 reales and the ""escudo"" was worth 16 reales. Spanish colonial reales circulated alone until 1813, when Argentina began issuing its own coins. From 1820, paper money was also issued. In 1826, the peso moneda corriente and peso fuerte were introduced in paper money only. In 1854, coins were issued denominated in centavos. However, decimalization did not occur until in 1881, when"
"Argentina suffered from hyperinflation. The last months of President Raul Alfonsín's period in office in 1989 saw prices move up constantly (200% in July alone), with a consequent fall in the value of the currency. Emergency notes of 10,000, 50,000 and 500,000 australes were issued, and provincial administrations issued their own currency for the first time in decades. The value of the currency stabilized soon after President Carlos Menem was elected. The current peso (ISO 4217: ARS) replaced the austral at a rate of 1 peso = 10,000 australes (ten trillion pesos m$n). It was also referred to as ""peso"
"consumer confidence, and overall economy continue to grow. The country's successful, US$16.5 billion bond sale in April 2016 was the largest in emerging market history. In May 2018, Argentina’s government asked the International Monetary Fund for its intervention, with an emergency loan for a $30 billion bailout, as reported by Bloomberg. In May 2018 the official estimated inflation had peaked up to 25 percent a year, and on May 4 Argentina’s central bank raised interest rates on pesos to 40 percent from 27.25 percent, which is the highest in the world, since the national currency had lost 18% of its"
"to their size, and the paper not being of good enough quality, they began to deteriorate. They then decided to suspend the printing and look for another provider. The new notes, of smaller size, started to be issued in 1903, using typography as the printing method. The Banco Central issued the following banknotes: Argentine peso moneda nacional The peso moneda nacional was the currency of Argentina from November 5, 1881 to January 1, 1970, the date in which the Argentine peso ley was issued to the Argentine public. It was subdivided into 100 centavos, with the argentino worth 5 pesos."
"100 pesos moneda nacional. The ""peso argentino"" (""$a"") (ISO 4217: ARP) replaced the previous currency at a rate of 1 peso argentino to 10,000 pesos ley (1 million pesos m$n). The currency was born just before the return of democracy, on June 1, 1983. However, it rapidly lost its purchasing power and was devalued several times, and was replaced by a new currency called the austral in June 1985. The ""austral"" (""₳"") (ISO 4217: ARA) replaced the peso argentino at a rate of 1 austral to 1000 pesos (one billion pesos m$n). During the period of circulation of the austral,"
"sources of financing, such as international banks and grain exporters. It was estimated that the grain exporters had billions of dollars in stockpiled grain harvests, waiting for the changes to sell them. Argentine currency controls (2011–15) Argentina installed foreign exchange controls in 2011, at the beginning of the second presidency of Cristina Fernández de Kirchner. Those controls limited the ability to buy or sell any foreign currency. The restriction was informally known in Argentina as ""Cepo cambiario"" (). The controls were lifted in December 2015, at the beginning of the presidency of Mauricio Macri. The first restrictions were imposed on"
"introduced in 1826. It started at par with the peso fuerte, but depreciated with time. Although the Argentine Confederation issued 1-, 2- and 4-""centavo"" coins in 1854, with 100 ""centavos"" equal to 1 peso = 8 reales, Argentina did not decimalize until 1881. The ""peso moneda nacional"" (""m$n"" or ""$m/n"") replaced the earlier currencies at the rate of 1 peso moneda nacional = 8 reales = 1 peso fuerte = 25 peso moneda corriente. Initially, one peso moneda nacional coin was made of silver and known as patacón. However, the 1890 economic crisis ensured that no further silver coins were"
"payment in US dollars. This regime was later modified by a law (""Ley de Convertibilidad"") that restored the Argentine peso as the national currency. The convertibility law reduced inflation sharply preserved the value of the currency. That raised the quality of life for many citizens, who could again afford to travel abroad, buy imported goods or ask for credit in dollars at traditional interest rates. The fixed exchange rate reduced the cost of imports, which produced a flight of dollars from the country and a massive loss of industrial infrastructure and employment in industry. Argentina, however, still had external public"
"The history of the various successive Argentine currencies called ""peso"" is detailed in the article on the Argentine peso. In 1970 coins were introduced in denominations of 1, 5, 10, 20 and 50 centavos. As inflation eroded the currency's value, higher denominations were introduced: 1 peso in 1974, 5 and 10 pesos in 1976, and 50 and 100 pesos in 1978. Banknotes were issued in the following denominations: Argentine peso ley The peso ley 18.188, usually known as either ""peso"" or, to distinguish it from the earlier ""peso moneda nacional"", informally as ""peso ley"", was the currency of Argentina between"
"its national currency. In December 1990, the Supreme Court approved the sanction of Necessity and Urgency Decree in the so-called ""Peralta Case"", in which Luis Peralta requested to declare unconstitutional the decree 36/90, that President Menem promulgated in 1990. The judges of the Court eventually confirmed the validity of the DNU. Despite the fact that the Constitution says the Congress must create a special law to analyze Necessity and Urgency Decrees, this law was created in 2006, twelve years after the 1994 amendment of the Argentine Constitution, when the DNU were introduced. It means that all Presidents who ruled in"
"Argentine currency controls (2011–15) Argentina installed foreign exchange controls in 2011, at the beginning of the second presidency of Cristina Fernández de Kirchner. Those controls limited the ability to buy or sell any foreign currency. The restriction was informally known in Argentina as ""Cepo cambiario"" (). The controls were lifted in December 2015, at the beginning of the presidency of Mauricio Macri. The first restrictions were imposed on October 31, 2011. The Tax and Customs Authority, AFIP, required that individuals and businesses who sought to buy dollars request permission, which may depend of the financial status of the buyer. However,"
"control policy that proved counterproductive and was substantially eased in January 2014. The official exchange rate, which had oscillated around 3 pesos per dollar since early 2003, was adversely impacted by the international 2008 financial crisis, and likewise weakened to 8 pesos per dollar by the first half of 2014. A parallel, ""blue"" exchange market - a fixture of Argentine finance in the 1970s and '80s - reemerged when foreign exchange controls were tightened in 2012; it similarly stabilized at around 13 pesos when controls were eased in 2014. Central Bank of Argentina The Central Bank of the Argentine Republic"
"for the silver Spanish eight-real coin. Following independence, Argentina began issuing its own coins, denominated in reales, ""soles"" and ""escudos"", including silver eight-real (or sol) coins still known as pesos. These coins, together with those from neighbouring countries, circulated until 1881. In 1826, two paper money issues began, denominated in pesos. One, the ""peso fuerte"" (""$F"") (ISO 4217: ARF) was a convertible currency, with 17 pesos fuertes equal to one Spanish ounce (27.0643 g) of 0.916 fine gold. It was replaced by the peso moneda nacional at par in 1881. The non-convertible ""peso moneda corriente"" (everyday currency) (""$m/c"") was also"
"coined by the journalist Antonio Laje. In 2001, Argentina was in the midst of a crisis: heavily indebted, with an economy in complete stagnation (an almost three-year-long recession), and the exchange rate was fixed at one U. S. dollar per Argentine peso by law, which made exports uncompetitive and effectively deprived the state of having an independent monetary policy. Many Argentines, but most especially companies, fearing an economic crash and possibly a devaluation, were transforming pesos to dollars and withdrawing them from the banks in large amounts, usually transferring them to foreign accounts (capital flight). On December 1st 2001 ,"
"dollars as the country's only currency). On December 3, 2001, the minister Domingo Cavallo restricted bank deposit withdrawals to a maximum of 1000 pesos/dollars per month until 3 March 2002. This was popularly known as Corralito. The effect of the Corralito was so unpopular that the president de la Rúa and Cavallo had to resign. First Ramón Puerta took the presidency and 2 days later Rodríguez Sáa assume. In the week he was in charge, Argentina suspended payments on its external debt. In January 2002, the new president Eduardo Duhalde ordered his finance minister Jorge Remes Lenicov to repeal the"
"""very high"". Because of its stability, market size and growing high-tech sector, Argentina is classified as a high-income economy in the 2019 fiscal year. The description of the country by the word ""Argentina"" has been found on a Venetian map in 1536. In English the name ""Argentina"" comes from the Spanish language, however the naming itself is not Spanish, but Italian. ""Argentina"" (masculine ""argentino"") means in Italian ""(made) of silver, silver coloured"", probably borrowed from the Old French adjective ""argentine"" ""(made) of silver"" > ""silver coloured"" already mentioned in the 12th century. The French word ""argentine"" is the feminine form"
"financial strain this past year (2018). During the first portion of 2018, the economic movement decreased and is foreseeable to close off the year with a recession. Back in April of 2018 the Argentine peso went through a depreciation and shot down super near 100% against the dollar. Due to this downfall, inflation has skyrocketed since June and will continue to do so. Back in 2017 was the first time in 25 years when the President of the World bank, Jim Yong Kim, decided to go over to Buenos Aires in Argentina to make his mark on why Argentina is"
"Central Bank of Argentina The Central Bank of the Argentine Republic (, BCRA) is the central bank of Argentina. Established by six Acts of Congress enacted on May 28, 1935, the bank replaced Argentina's currency board, which had been in operation since 1899. Its first president was Ernesto Bosch, who served in that capacity from 1935 to 1945. The Central Bank's headquarters on San Martín Street (in the heart of Buenos Aires' financial district, known locally as the ""city""), was originally designed in 1872 by architects Henry Hunt and Hans Schroeder. Completed in 1876, the Italian Renaissance-inspired building initially housed"
"Aires introduced notes in denominations of 5, 10, 20, 40, 50 and 100 pesos. These were followed in 1823 by 1, 3 and 5 pesos. The ""Banco de Buenos Ayres"" began issuing notes in 1822 in denominations of 20, 50, 100, 200, 500 and 1000 pesos. 1 and 2 peso notes followed in 1823. Argentine real The real was the currency of Argentina until 1881. From 1822, it was subdivided into 10 ""décimos"". The ""sol"" was also issued during this period and was equal to the real, whilst the ""peso"" was worth 8 reales and the ""escudo"" was worth 16"
"An example of debt playing a role in economic crisis was the Argentine economic crisis. During the 1980s, Argentina, like many Latin American economies, experienced hyperinflation. As a part of the process put in place to bring inflation under control, a fixed exchange rate was put into place between Argentina's new currency and the US dollar. This guaranteed that inflation would not restart, since for every new unit of currency issued by the Argentine Central Bank, the Central Bank had to hold a US dollar against this – therefore in order to print more Argentine currency, the government required additional"
"and sell foreign currencies. Argentina has had a floating exchange rate since then, with intervention from its central bank, and the Argentine peso was devalued by 30 percent. Another early policy was the removal of export quotas and tariffs on corn and wheat. Tariffs on soybeans, the most lucrative Argentine export, were reduced from 35 to 30 percent. Macri wanted to negotiate with the holdouts and end the default to return to the international capital markets and strengthen the national economy. Argentina offered to pay $6.5 billion to settle lawsuits on 5 February 2016, requesting that the prior ruling on"
"country, and capital flow toward Argentina ceased almost completely from 2001 to 2003 (though it later recovered). The currency exchange rate (formerly a fixed 1-to-1 parity between the Argentine peso and the U.S. dollar) was floated, and the peso devalued quickly to nearly 4-to-1, producing a sudden rise in inflation to over 40% and a fall in real GDP of 11% in 2002. Large-scale debt restructuring was needed urgently, since the high-interest bonds had become unpayable. The Argentine government met severe challenges trying to refinance its debt, however. Creditors (many of them private citizens in Spain, Italy, Germany, Japan, the"
"were introduced in denominations of 1, 2, 5, 10, 20, 50, and 100 pesos. The 1-peso note was replaced by a coin in 1994. The pictures below are outdated, since they bear the legend ""Convertibles de curso legal"" (meaning that value was fixed to the same amount in US dollars). New bills, printed since 2002, do not have this text. As most bills have been replaced, it is rare to find ones marked as convertible except in the large $100 denominations. All bills are 155 × 65 mm in size. In 2016, the Banco Central de la República Argentina issued"
"It consisted of creating a new, non-convertible currency, the ""Argentino"", that would coexist with convertible pesos and US dollars. It would circulate as cash, or but not in checks, promissory notes, or other instruments, which could be denominated in pesos or dollars. It would be partially guaranteed with federally managed land to counterbalance inflationary tendencies. Argentines having legal status would be used to redeem all complementary currency already in circulation; their acceptance as a means of payment was quite uneven. It was hoped that convertibility would restore public confidence, and the non-convertible nature of this currency would allow for a"