- Monetary unit:
- the Country code:
- Argentina, Republic
- Argentinean peso
- Buenos Aires
- of 2 766 890 sq. km
- Spanish (state), English, Italian, etc.
- AR (ARG) 032
Monetary unit of Argentina is peso which makes 100 centavo. The international designation - ARS . On territory of the country in circulation there are notes of denomination 2, 5, 10, 20, 50 and 100 peso.
The Law from November, 5th, 1881 had been positioned a peso gold content in 1,45161 g of pure gold that there corresponded to a rate 1 peso = 5 francs France. Gold peso (r sellado) it was used basically for foreign operations. For the internal circulation paper moneys manufactured by exchequer (moneda nacional) were used. The law from November, 4th, 1899 had been positioned a solid parity of 100 paper peso - 44 gold peso.
Since January, 1st, 1970 the new peso on a parity 100: 1 is entered.
The target date of withdrawal from circulation monetary was not the law
Signs on old peso. The peso rate to US dollar constantly dropped. Since December, 24th, 1981 the uniform market quotation of peso acted,
Made in the end of 1981 7250 peso for 1 dollar, on May, 5th, 1982 a peso rate has been reduced with 11950 to 14000 peso for 1 dollar.
Since June, 1st, 1983 the new peso equal of 10 000 old peso is entered. In connection with continuous depreciation of the Argentinean currency its rate has dropped by June, 1985 - to 770 new peso for 1 dollar. Since June, 15th, 1985 the austral equal of 1000 new peso, with the fixed official rate 0,8 australs for 1 US dollar is entered, saved till April, 1986 Since April, 7th, 1986 the austral rate began to drop periodically. Since 1991 in Argentina it is again injected into the peso circulation, instead of austral.
On notes of different nominal values there are portraits of various outstanding people of Argentina. 2 peso -
Bartolomeo Mitre, the president of Argentina in 1862-1868; generals Jose a de Sen-martin (5 peso)
And Manuel Belgrano (10 peso); 20 peso - Juan Manuel de Rosas, the governor of Buenos Aires; 50 peso - Domingo Faustino Sarmento, the president of Argentina with 1868 for 1874; 100 peso - Hulio Arhentino of Fate twice elected on a post of the president of the country. Besides, on the Argentinean denominations the plotting of buildings is possessed: the National Congress, a museum
Mitre, the Presidential palace, the Independence Monument etc.
All denominations have the identical size - 155 x 65 mm. They are produced of 100 %-s' cottonous fibres, on a paper,
Not fluorescing in an ultraviolet. Protection of authenticity of denominations is supplied with drawing of watermarks and others
In territory of Argentina US dollars are accepted also.
It is updated 05.2012