USD to Argentina Currency Exchange Rates

The austral was the currency of

Argentina Argentina (), officially the Argentine Republic ( es, link=no, República Argentina), is a country in the southern half of South America. Argentina covers an area of , making it the second-largest country in South America after Brazil, th ...

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 ISO 4217 is a standard published by the International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the relationships between individual cu ...

code is .

History

Finance Minister

Juan Vital Sourrouille Juan Vital Sourrouille (13 August 1940 – 21 July 2021) was an Argentine economist. He is the author of ''El Complejo Automotor en Argentina''. Sourrouille was born in Buenos Aires. He was the Minister of Economy of Argentina during the gover ...

devised the

Austral plan The Austral plan was an Argentine economic plan devised by minister Juan Vital Sourrouille during the presidency of Raúl Alfonsín. Previous context Raúl Alfonsín became president of Argentina in 1983 through democratic elections, receiving hig ...

.La era Sourrouille, corazón del Plan Austral
The austral replaced the

peso argentino 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 peso or dollar currencies. It is subdivided into 100 ''centavos''. Its ISO 42 ...

at a rate of ₳1 = $a1,000, making the austral worth US$1.25, or 80 centavos de austral per U.S. dollar. In 1992, the austral was itself replaced by the

convertible peso The convertible peso (sometimes given as ''CUC$'' and informally called a ''cuc'' or a ''chavito'') was one of two official currencies in Cuba, the other being the Cuban peso. It had been in limited use since 1994, when its value was pegged 1:1 t ...

at a rate of $1 = ₳10,000.

Coins

In 1985, coins were introduced for , 1, 5, 10 and 50 centavos. The ¢ was only issued in 1985, whilst production of the 1¢ ceased in 1987, 5¢ ceased in 1988, and that of the other centavo coins ended in 1989. In 1989, ₳1, ₳5 and ₳10 coins were issued, followed in 1990 and 1991 by ₳100, ₳500 and ₳1,000 denominations.

Centavo

Austral

Banknotes

In 1985, provisional issues were made consisting of $a1000, $a5000 and $a10,000 notes overstamped with the values ₳1, ₳5 and ₳10. Between 1985 and 1991, the following notes were issued by the Banco Central: All banknotes except the provisional types show on the back an image of Liberty with a torch and shield. The provisional banknotes were produced from modified

peso ley The peso ley (unofficially ARL), 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 subdi ...

plates. On the obverses, the word PESOS were erased, whilst the reverse designs substituted the picture with the denomination written in words without spaces in several rows. The denomination was shown on both faces in the form ₳10 MIL (₳10,000), ₳50 MIL (₳50,000) and ₳500 MIL (₳500,000).

References

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External links

Official website
of the Banco Central de la República Argentina (Argentine Central Bank)
Argentine Notes
{{Authority control Presidency of Raúl Alfonsín Modern obsolete currencies Currencies of Argentina 1985 establishments in Argentina 1991 disestablishments in Argentina