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The ''peso argentino'' was the currency of
Pesos argentinos coin photos
{{DEFAULTSORT:Argentine Peso Argentino Currencies of Argentina Peso Argentino 1983 establishments in Argentina 1985 disestablishments in Argentina 1980s in economic history Currencies introduced in 1983
The ''peso argentino'' was the currency of Argentina
Argentina, officially the Argentine Republic, is a country in the southern half of South America. It covers an area of , making it the List of South American countries by area, second-largest country in South America after Brazil, the fourt ...
between 1 June 1983, and 14 June 1985. It was subdivided into 100 centavo
The centavo (Spanish language, Spanish and Portuguese language, Portuguese 'one hundredth') is a fractional monetary unit that represents one hundredth of a basic monetary unit in many countries around the world. The term comes from Latin ''centu ...
s. The symbol was $a. 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 individ ...
code was ''ARP''.
History
The peso argentino replaced thepeso ley
The peso ley 18.188 (ARY; 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. ...
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.
Coins
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, 10 and 50 peso argentino coins were struck.Centavo
Peso argentino
The 50-peso coins have the text ''Cincuentenario del Banco Central'' ("Central Bank
A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ...
fiftieth anniversary").
Banknotes
In June 1983, the Banco Central issued notes for 1, 5, 10, 50 and 100 pesos argentinos, based in modified plates of 1, 5, 10, 50 and 100 peso ley, were demonetized in 1981. These banknotes followed by 1000 pesos argentinos note in October. In 1984, 500 and 5000 peso argentino notes were introduced and old peso ley banknotes below 1 peso argentino were demonetized. In 1985, notes for 10,000 pesos argentinos were introduced. When the austral was introduced (June 15, 1985), some 1000, 5000 and 10,000 peso argentino notes were overstamped with A 1 (1 austral), A 5 (5 australes) and A 10 (10 australes), respectively, and old peso ley banknotes were demonetized.See also
* La Década Perdida (The Lost Decade) *Latin American debt crisis
The Latin American debt crisis (; ) was a financial crisis that originated in the early 1980s (and for some countries starting in the 1970s), often known as '' La Década Perdida'' (The Lost Decade), when Latin American countries reached a point ...
References
* * *External links
Pesos argentinos coin photos
{{DEFAULTSORT:Argentine Peso Argentino Currencies of Argentina Peso Argentino 1983 establishments in Argentina 1985 disestablishments in Argentina 1980s in economic history Currencies introduced in 1983