"Peso argentino" redirects here. For the currency used between 1983 and 1985 officially called the "peso argentino", see Argentine peso (1983–1985).
Argentine peso
Peso argentino(Spanish)
current 500 peso banknote
ISO 4217
Code
ARS (numeric: 032)
Subunit
0.01
Unit
Unit
peso
Symbol
$ , ARS, Arg$[1]
Denominations
Subunit
1⁄100
centavo
Banknotes
Freq. used
10, 20, 50, 100, 200, 500, 1,000, 2,000 pesos
Coins
Freq. used
1, 2, 5, 10 pesos
Rarely used
1, 5, 10, 25, 50 centavos, bimetallic 1 and 2 pesos (no longer minted, still valid)
Demographics
Replaced
Argentine austral
User(s)
Argentina
Issuance
Central bank
Central Bank of the Argentine Republic
Website
www.bcra.gov.ar
Valuation
Inflation
287.9% in March 2024
Source
Central Bank of the Argentine Republic'
The peso (established as the peso convertible) is the currency of Argentina since 1992, identified within Argentina by the symbol $ preceding the amount in the same way as many countries using peso or dollar currencies. It is subdivided into 100 centavos, but due to rapid inflation, coins with a face value below one peso are now rarely used. Its ISO 4217 code is ARS.[2] It replaced the austral at a rate of 10,000 australes to one peso.
Argentine currency has experienced severe inflation, with periods of hyperinflation, since the mid-20th century, with periodic change of the currency to a new version at a rate ranging from 100:1 to 10,000:1. A new peso introduced in 1992, officially the peso convertible de curso legal, was worth 10,000,000,000,000 (ten trillion) pesos moneda nacional, the currency in use until 1970. Since the early 21st century, the peso has experienced further substantial inflation, reaching 287.9% year-on-year in March 2024, the highest since the current peso was introduced in the Convertibility plan of 1991.[3]
The official exchange rate for the United States dollar valued the peso convertible de curso legal at one US dollar at its introduction in 1992, which was maintained until early 2002. Afterwards, it went from a 3:1 exchange rate with the US dollar in 2003 to 178:1 in early 2023. On 14 August 2023, the official exchange rate was fixed at ARS$350 to one US dollar; the unregulated rate valued the peso at ARS$665 to one US dollar.[4] On 15 November 2023, the crawling peg was restored.[5]
USD/Argentine Peso exchange rate
In 12 December 2023, following the election of president Javier Milei, economy minister Luis Caputo changed the official exchange rate to 800 pesos to the U.S. dollar from the previous 366.5, a devaluation of 54%, to be followed by a monthly devaluation target of 2%.[6] At the time, the unofficial exchange rate was around 1000 pesos per dollar.[7]
^"Argentina - Exchange rates section". The World Factbook. CIA. 6 December 2023.
^"Banco Central de la República Argentina" (in Spanish). Banco Central de la República Argentina. Updated monthly.
^Raszewski, Eliana; Rosario, Jorgelina (14 August 2023). "Argentina devalues peso, raises rates after shock primary vote". Reuters. Archived from the original on 10 November 2023. Retrieved 12 January 2024.
^Bianchi, Walter; Otaola, Jorge (15 November 2023). "Argentina restarts 'crawling peg' to let currency weaken for first time since August". Reuters. Archived from the original on 30 November 2023. Retrieved 12 January 2024.
^Sweney, Mark (13 December 2023). "Argentina's new government devalues peso by more than 50%". The Guardian. Archived from the original on 21 December 2023. Retrieved 24 January 2024.
^"US Dollar to Argentine Peso (parallel 'Dollar Blue') conversion - CUEX". CUEX.
The peso (established as the peso convertible) is the currency of Argentina since 1992, identified within Argentina by the symbol $ preceding the amount...
history of the various successive Argentine currencies called peso is detailed in the article on the Argentinepeso. In 1970 coins were introduced in...
the Argentine public. It was subdivided into 100 centavos, with the argentino worth 5 pesos. The peso was introduced to replace the Argentinepeso moneda...
The peso is the monetary unit of several Spanish-speaking countries in Latin America, as well as the Philippines. Originating in the Spanish Empire, the...
Hassan Emilio Kabande Laija (born 15 June 1999), known professionally as Peso Pluma, is a Mexican singer. Learning to play the guitar during his early...
The peso was the currency of Costa Rica between 1850 and 1896. It was initially subdivided into 8 reales and circulated alongside the earlier currency...
The Convertibility plan was a plan by the Argentine Currency Board that pegged the Argentinepeso to the U.S. dollar between 1991 and 2002 in an attempt...
monthly historical exchange rate of the different currencies of Argentina, expressed in Argentine currency units per United States dollar. The exchange rate...
reached between the IMF and Argentina. In 1985, the Argentine austral replaced the discredited peso. In 1986, Argentina failed to pay the debt for several...
surpassed both France and Italy. Argentina's currency declined by about 50% in 2018 to more than 38 Argentinepesos per U.S. Dollar. As of that year,...
Argentina, officially the Argentine Republic, is a country in the southern half of South America. Argentina covers an area of 2,780,400 km2 (1,073,500 sq mi)...
coins of the new Spanish American republics, such as the Mexican peso, Argentinepeso, Peruvian real, and Bolivian sol coins. With the Coinage Act of 1792...
1881, when the real was replaced by the peso moneda nacional at a rate of 8 reales to 1 peso. Early Argentine real (escudo) Silver coins were issued in...
Sourrouille, corazón del Plan Austral (in Spanish) Official website of the Banco Central de la República Argentina (Argentine Central Bank) Argentine Notes...
Publications Office of the European Union. 2022-03-16. "EU Vocabularies, Argentinepeso argentino". Publications Office of the European Union. 2022-03-16. ISO...
The peso moneda corriente was a non-convertible Argentine paper currency which circulated between 9 January 1826, and 4 November 1881. It was worth eight...
The peso boliviano (ISO 4217 code: BOP) was the currency of Bolivia from January 1, 1963, until December 31, 1986. It was replaced by the boliviano. It...
devaluation of the peso, and was met with both criticism and praise. Banks portal List of presidents of the Central Bank of ArgentinaArgentinepeso Banco Alas...
Uruguayan peso (Spanish: peso uruguayo) has been a name of the Uruguayan currency since Uruguay's settlement by Europeans. The present currency, the peso uruguayo...
rule, the Argentine Confederation resisted attacks by Brazil, Bolivia, Uruguay, France and the United Kingdom, as well as other Argentine factions during...
Argentinepeso by law, which made exports uncompetitive and effectively deprived the state of having an independent monetary policy. Many Argentines,...
have evolved slowly, often from previous currencies. The modern dollar and peso symbols originated from the mark employed to denote the Spanish dollar, whereas...
the duties of the Argentine presidency. This period of instability occurred during the larger period of crisis known as the Argentine great depression...
Central Bank of Argentina, manages internal and external debt payment, and the value of national currency (currently the Argentinepeso). It rules the...
Global Information
Argentina