Argentina Currency
Argentina Currency

 

The Currency of Argentina is the "Peso"

The weight (symbol: $, ISO 4217: ARS) is the national currency of Argentina since 1992, when it replaced the austral. He was also known as convertible peso due to parity with the dollar until the amendment to the convertibility law in 2002.

Began circulating the January 1, 1992 under the so-called Convertibility Law 1991 (Law No. 23,928). Each weight equivalent to 10,000 southern due to inflation that occurred during the presidency of Raúl Alfonsín. From then until January 7, 2002, had a monetary value equal to 1 U.S. dollar weight. From the partial repeal of the Convertibility Law under President Eduardo Duhalde, due to strong political and economic crisis, the Argentina currency (peso) went on to lose three quarters of its value against the dollar, falling 25 March 2002 to 4.00 units per floor dólar.2 in recent years, and under the administration of Cristina Fernandez de Kirchner has been devalued its value to the current exchange rate above 5.00 pesos per dollar, reaching a minimum of 5,153 / 5,158 per dollar on April 16, 2013. * 3

The devaluation of the Argentina currency (peso), which from 2011 to date reached historic lows against the U.S. dollar and other currencies like the euro reference, May 4 falls in the policy of "managed float" 6 conducted by the Central Bank of Argentina, with a mandate to preserve monetary reserves and ensure the competitiveness cambiaria.7

Although the exchange control measures implemented in late 2011 managed to reduce by 85% the flight of capital, 8 Central Bank international reserves declined steadily since the implementation of the FX market, reaching 41.899 million September 10 dollars a February 21, 2013.

As for the stock of dollar deposits in banks, both public and private (which are recorded as monetary reserves) decreased the same amounted to 7,300 million from the October 28, 2011 when exchange restrictions were implemented, equivalent to almost 50% of the volume in that fecha.11 had also fomented the emergence of a multiple exchange rate and the growth of foreign exchange black market, where people who want to buy the currency for hoarding the gain in the parallel market , at a price of 8.52 pesos per dollar on April 17, 2013.12

The gap resulting from exchange traded and parallel and reaches 64.9%, ranking below the record of 71.4% in the March 20 of 2013 when the parallel dollar reached $ 8.75.

Currently emit cents coins: 5, 10, 25 and 50, 1 and 2 pesos, and bills of 2, 5, 10, 20, 50 and 100 pesos. This line is the current Argentina currency since 1992. The Argentina Currency (peso) bills were replaced in 1994 by coins of the same value. The ticket line has two versions. The first which ceased to have effect on different dates according to the values, $ 2 the November 26, 1997, $ 5 on June 22, 1998, $ 10 January 14, 1998, $ 20 January 18, 2000, $ 50 19 July 1999, $ 100 on 3 December 1999. In the new design, which was to appear as flow out different values, are all the same size. Redesigned entire ticket, keeping the image of the heroes chosen, with a background where you insert each replicas of manuscripts or scenes referring to the character. In most cases, it is difficult to find coins of 1 cent, especially if these are sought outside the metropolitan area of ​​Buenos Aires.

From the partial repeal of the Convertibility Law (Articles 1, 2, 7 (replaced), 8, 9, part 10, 12 and 13) was allowed to call Argentina's currency "legal tender Convertible Peso "to be called simply weight. Law No. 25561.14 of January 6, 2002, in art. 3rd repeals ss. 1 and 2 of the Convertibility Law (specifying that the weight was converted into U.S. dollars at parity one to one), so it was decided to delete the word "convertible" in the notes of the current monetary line.
All security measures are present on tickets watermark, optically variable ink (all tickets are printed value, top left, in ink that changes from green to blue when tilted), complementation reason against -back (made in offset); microletra; identification blind latent image, security thread, invisible ink printing (visible only under ultraviolet light).

Argentina Currency
Currency of Argentina

Argentina Currency history

Current Argentina Currency

 

Argentina Currency History

Argentina Currency
 
Argentina Currency
Argentina Currency
 
Argentina Currency
Argentina Currency
 
Argentina Currency
Argentina Currency
 
Argentina Currency
Argentina Currency
 
Argentina Currency

 

The Peso Argentina Currency (symbol: m $ n) was the Argentina Currency in force in Argentina in the period 1881-1969. It was created by the 1130 Act, enacted on 5 novimebre of 1881 with the aim of unifying the monetary system in the country, which until then was quite chaotic, as they had several types of Argentina Currency (pesos Argentina Currency, strong peso also foreign currencies circulated freely. This law determined that Argentina's monetary unit was the weight of gold and silver and issuing banks should renew its entire ticketing national Argentina Currency.

The years between 1881 and 1884, is characterized by emissions stipulated by the National Bank on a number of bills in national Argentina Currency pesos gold.

On November 3, 1887, Congress passes the National Guaranteed Banks Act, in order to level the monetary circulation an embarrassment suffered by local emissions of the provinces. Garantidos Banks Act provided that any bank was authorized to issue notes provided a deposit of gold in the treasury, for which received a certain amount of bonds.

On October 7, 1890, Dr. Carlos Pellegrini, Argentina President, creates the Conversion, which gathers the impression, enabling and issuing all paper Argentina Currency. The first banknotes were issued dated September 5, 1890.

In 1891 the National Bank was settled and founded the Banco de la Nacion Argentina.

Progress Series

The 3505 Act, enacted on September 20, 1897, authorized the Argentina Currency Board to renew all the money in circulation at the time. He decided to make a unique design, called "Effigy of Progress", where there is a woman sitting, holding a torch and support your arm on a version of the National Shield.

These notes were originally created and printed large on Mint, using paper from France. Due to its size and the paper was not of good quality, began to deteriorate rapidly. As suspended printing and elected a new supplier. The new smaller-ticket-began airing in 1903 as a method of printing using the system font.

The "Effigy of Progress", accompanies nearly half a century, Argentine emissions. This image is intended, remove the paper Argentina Currency of political figures.

This important series continues until shortly after the creation of the Central Bank of Argentina, in 1935.

National Argentina Currency
Issue 1942-1969

In 1942, the Central Bank decided to issue their own notes first, with a more modern and secure, leaving the classic Effigy of Progress. For problems momentary lack of capacity, some series were printed in England, but then resumed printing the Mint. We used offset printing systems (0.50 M $ N and 5 M $ N) and for the rest, the system intaglio.

Peso Ley 18.188
Term: 1970 - 1985
Argentina Currency Symbol: $ Act
Equivalence: 1 $ Act = 100 m $ n

The Peso Ley 18.188 (Symbol: Law) was the Argentina Currency in force in Argentina in the 1970-1983 period, popularly known as weight law. Every peso bill amounted to 100 m $ n (Weight Argentina Currency).

For the public to be used for the conversion, it was decided that while the new notes will be prepared with the new design, they continue emitting but resealed existing values ​​with the new values. Thus, for example, 100, 500 and 1000 (m $ n) were converted to 1, 5 and 10 respectively Weights Act.

The change was decided that because of usual amounts of money that were handled were not of the calculating machines of the time. The weight of law, which went into circulation as such in 1970, suffered high inflation, especially after 1975, and 1982. In that year he came to issue a $ 1,000,000.

In 1983 it was replaced by a new unit, the Argentine Currency Peso.

Peso Argentino

Term: 1983 - 1985
Argentina Currency Symbol: $ to
Equivalence: 1 $ a = $ 10,000 Law

The Argentina currency (peso) (sign: $ a) was the Argentina Currency in force in Argentina in the period 1983-1985. It was created by Decree 2270 and entered into force on 1 June 1983. Every Argentine Currency Peso equivalent of $ 10,000 (Peso Ley 18.188). Unlike the previous exchange, this time there was no ticket resealing.

However, inflation in this period continued to rise and in June 1985, is replaced by a new Argentina Currency, the Austral.

Austral

Term: 1985 - 1991
Argentina Currency Symbol: A
Equivalence: 1 A = $ 1,000 to

The Austral became legal tender in Argentina on June 14, 1985, when President Raul Alfonsin signed Decree 1096, announcing a new economic plan (called the Austral Plan) of the then Minister of Economy Juan Vital Sourrouille for contain inflation that was being increased. Its symbol was an A with the detail that the horizontal line was double ($ analogy).

The plan included the creation of a new Argentina Currency, equivalent to $ 1,000 to (Argentine Currency Peso). At first the plan seemed successful to contain inflation raised, but by 1986 began to lose value against the dollar and never managed to reposition. The austral was reached 5.000% annually depreciate against the dollar by 1989. In 1992 it was replaced by a new Argentina Currency, the peso convertible, at the rate of 10000 Southern by weight.

Originally coins were issued for 1/2, 1, 5, 10, 50 Cents and notes for 1, 5, 10, 50 and 100 Southern. But as inflation was advanced, began to emit much larger values. It came to issue coins and banknotes 1000 austral austral 500,000.

Convertible Peso

Term: 1992 - Today
Argentina Currency Symbol: $
Equivalence: $ 1 = 10,000 A

The Executive Order No. 2128 of October 10, 1991 ordered the enactment, as of January 1, 1992, the LINE WEIGHT. Established a weight parity ($ 1) equal to ten thousand Southern (A 10,000). The peso was convertible to the dollar of the United States, at a ratio weight ($ 1) per dollar, parity it was established continuing legislated by the Convertibility Law Austral No. 23,928 of March 27, 1991. Tickets issued at that time bore the legend "convertible legal tender".

The notes have a uniform size of 155 mm wide and 65 mm high. The paper used is 100% cotton fiber with a weight of 83 g/m2, free of fluorescence under ultraviolet light, performing printing in three successive stages using offset printing systems, intaglio and letterpress.

Peso Convertible (New Series)

Term: 1992 - Today
Argentina Currency Symbol: $
Equivalence: $ 1 = 10,000 A

Five years after its release, some changes were made in the line, which included improvements in the engravings, superior weighing paper (90 g/m2), watermark localized cylindrical mold, which features a portrait oriented design the same direction.

Law No. 25,561 on Public Emergency and Exchange System Reform Law of January 6, 2002, in its Article 3 repeals ss. 1 and 2 of the Austral Convertibility Law, which was arranged by deleting the word "convertible legal tender" in the weight line tickets.

Also notes that have that legend and that are still in circulation, retain their legal tender.

 

Current Argentina Currency

Current Argentina Currency

 




Argentina Currency