Argentine Peso ($). Argentine Peso, currency of Argentina Coins in Argentina
The currency of Argentina is the peso. The name of the Argentinean currency is quite common, because pesos are also used in the Dominican Republic, Guinea-Bissau, and the Philippines.
Stages of development of the Argentine monetary system
Note that the national currency of Argentina has always had this name, but from time to time the government was forced to carry out monetary reform due to strong inflation. To determine the circulation period of currency in circulation, the following classification has been introduced:
- national currency peso (this is the very first stage);
- Peso Law No. 18188;
- Argentine peso.
Argentina's currency in its current form was issued by the country's Central Bank in 1992, after another monetary reform.
Coins in Argentina
The country's National Bank issued coins in denominations ranging from 1 centavo to 1 peso in 1992. I would like to talk about the appearance and technical characteristics of the coins. The reverse of the 1 centavo coin (issued until 2001) featured a laurel wreath. Disc diameter - 16.2 mm, weight - 1.77 grams. Since the Argentine currency has been very unstable for more than 10 years, now the smallest coin is 5 centavos. It is 1 mm larger in diameter and 0.48 grams heavier. This brass-plated steel disc features a stylized sun.
10 centavos is a very popular coin today. Its diameter is 18.2 mm, and the weight is identical to the previous coin. The coat of arms of Argentina appears on the reverse of this masterpiece. Just like in the Ukrainian gradation, the values of coins after the “ten” are 25 centavos. This coin is much wider and heavier than the previous ones. Its diameter is 24.2 mm, and its weight is as much as 6.1 grams. The 25 centavo metal money depicts the city hall from the capital, Buenos Aires. On the 50 centavo coin - "House of Tucuman". It is 1 mm wider than the “twenty-five”, but 0.3 grams lighter. Like all other coins, it is always minted from aluminum bronze.
Well, we finally reached the denomination of 1 peso. The reverse bears the coat of arms of the United Provinces of South America. The diameter of the ring is 23 mm, weight - 6.35 grams. In 2010, the Bank of Argentina introduced a new original 2 pesos coin. Its rim is a ring made of copper and nickel alloy, and the middle is made of aluminum bronze. The painting is dedicated to the 200th anniversary of the May Revolution. Coin diameter - 24.5 mm, weight - 7.2 g.
Currency of Argentina: banknotes
Today, paper money is in circulation in denominations of 2, 5, 10, 20, 50 and 100 pesos. There are both old banknotes (1997-1999) and new ones (2015-2016).
The dimensions of the banknotes, unlike many other currencies of the world, are standard - 65 x 155 mm. Paper denominations differ from each other in colors and photographs.
The 2 peso note is issued in blue and red colors. On one side there is a photograph of the museum of B. Miter, and on the other - a portrait of the same person. 5 pesos is made in green and purple colors. On the obverse of the banknote there is a portrait of Jose de San Martin, and on the reverse there is a fragment of the Monument of Glory in the city of Mendoza. The Argentine currency with a face value of 10 pesos is a brown-green rectangle with a portrait of the famous figure Manuel Belgrano on the obverse and one of the monuments located in the city of Rosario.
Fans of red and yellow tones will definitely like the 20 pesos bill with a portrait of Juan Manuel de Rosas and a photograph of the battle at sea at Obligado. "Fifty dollars" in Argentina is yellow-violet. On the obverse there is a photograph of Domingo Faustino Sarmiento, and on the reverse side we will see an image of the Argentine government building. Julio Roca's portrait appears on the 100-peso bill. It is made in purple-brown tones. The design on the back of the bill is very symbolic. Turning the banknote over, you can see the image of horsemen arriving in new territories (conquerors).
Currency of Argentina: exchange rate to the ruble and other currencies
The peso is a very unstable currency. Today, it is also impossible to say that there are no crisis trends. For example, from 2002 to 2008 the dollar/peso ratio was 4:1, and in 2016 the rate is 14:1. This is how the currency fluctuates in Argentina. The exchange rate to the ruble also changes frequently. As of mid-2016, the weighted average is as follows: 1 peso = 4.3519 rubles. Argentina's currency is not much more expensive than the Ukrainian hryvnia (1 peso is 1.69 UAH). For a more complete idea of the “weight” of the monetary unit of this South American country, it is important to mention the exchange rate to the euro. As of August 8, 2016, 100 pesos equals 6.0798 euros.
Currency sign: Arg$
ISO4217 code: ARS 032
The Argentine Peso is the currency of the state of Argentina. In the past, the currency of Argentina was also called "peso", now previous issues of pesos have other names (pesos of the national currency, peso of law No. 18188, Argentine peso, etc.). The modern currency of Argentina was introduced after the abolition of the Austral in 1992. The peso exchange rate fluctuated around 3 pesos per US dollar from 2002 to 2008, and is around 4 pesos from 2009 to 2011. In order to maintain the peso exchange rate, there were periodic purchases of US dollars by the Central Bank.
In circulation there are banknotes in denominations of 100, 50, 20, 10, 5 and 2 pesos, coins in denominations of 1, 2 and 5 pesos, as well as coins in denominations of 50, 25, 10, 5 and 1 centavo.
Argentine peso coins
In the center of the obverse of the coin is the official motto of Argentina "EN UNION Y LIBERTAD" "In Union and Freedom", framed by a laurel wreath
In the center of the obverse of the coin is the “May Sun” (symbol of the Inca god Inti), above the sun there is an inscription in Spanish “REPUBLICA ARGENTINA” - Argentine Republic, below is written the official motto of Argentina “EN UNION Y LIBERTAD” - “In Union and Freedom”
In the center of the obverse of the coin is the coat of arms of the Argentine Republic.
In the center of the obverse of the coin is the City Hall of Buenos Aires
In the center of the obverse of the coin is the "House of Independence" in the city of Tucuman
On the reverse of the coin, on the outer ring, the denomination is indicated in Spanish in words at the top, and the date of minting is indicated at the bottom; on the inner disk is a copy of the design of the reverse of the first Argentine coins minted in 1813, on which around the circumference is the inscription in Spanish “PROVINCIAS DEL RIO DE LA PLATA” - “Provinces of the Rio de la Plata”, and in the center is the “Sun of May”.
In the center of the obverse of the coin there is a copy of the design of the obverse of the first Argentine coins minted in 1813, on which around the circumference there was an inscription in Spanish "EN UNION Y LIBERTAD·PTS·J·8S" the motto "In Union and Freedom", and in the center was the coat of arms of the Provinces Rio de la Plata. On the outer ring of the obverse there is an inscription in Spanish at the top "REPUBLICA ARGENTINA" Argentine Republic, at the bottom there is an inscription in Spanish "PRIMERA MONEDA PATRIA" - the first currency of the country.
Argentine peso bills
2 Argentine pesos- on the obverse of the banknote there is a portrait of B. Miter
2 Argentine pesos- on the reverse of the banknote there is a picture of the B. Miter Museum
5 Argentine pesos- the obverse of the banknote depicts a portrait of José de San Martin
5 Argentine pesos- on the reverse of the banknote there is a fragment of the monument of glory in Mendoza
10 Argentine pesos- the obverse of the banknote depicts a portrait of Manuel Belgrano
10 Argentine pesos- the reverse of the banknote depicts the Monument to the Banner in Rosario
Argentina(official name - Republic of Argentina or Argentine Republic) is a country in southeastern South America. The name of the country comes from the Latin word argentum (silver), since the country has large deposits of silver and platinum, which the Spaniards during colonization mistakenly took for impure silver.
The territory of Argentina stretches from north to south and includes the northeastern part of the island of Tierra del Fuego and the island of Estados. Argentina has common borders in the west with (the longest), in the north with, in the northeast with and in the east with. It is washed by Atlantic waters in the east, which include the Strait of Magellan in the south (between the continent and Tierra del Fuego), the Strait of Lemera in the southeast and the bays in order from south to north of Bahia Grande, Santa Jorge, San Matias and La Plata. The Falkland Islands (Malvinas), lying to the east of the country's coast, remain a disputed territory between Argentina and Great Britain. In the east and south of the country, the area has a mountainous terrain of the southern tip of the Andes, and in the north, in the valleys of the Parana and Uruguay rivers, it is flat and lowland. The total area of Argentina exceeds 2 million 700 thousand square kilometers.
Argentina's population exceeds 41 million people. In terms of ethnic composition, they are mainly Argentines, descendants of Indians and Spaniards, who formed the prevailing ethnic group at this time. The country is home to quite a lot of people from other countries, especially from Europe and Asia. It is worth noting that there is a large Ukrainian, Armenian and Russian diaspora in Argentina. The official language in the country is Spanish.
The capital of the Republic of Argentina is currently the city of Bueno Aires, located on the shores of La Plata Bay and inhabited by more than three million inhabitants. Among the large and economically important cities of Argentina, we can highlight such cities as Maar Del Plata, Santa Cruz, Santa Fe, Cordoba and many others.
The history of Argentina is similar to the histories of neighboring countries in the region. It usually begins in 1535, when Spanish conquistadors led by Pedro de Mendoza arrived in the territories inhabited by Indians of various tribes and founded the city, which later became known as Buenos Aires. With the strengthening of Spanish rule in this region, the Viceroyalty of Rio de la Plata was formed at the end of 1776, which included the territories of the modern states of Argentina, and. The viceroyalty had its capital in Buenos Aires. At the beginning of March 1816, the independence of these territories from Spain and their division into separate states was proclaimed. This was followed by a civil war (1819) and a military conflict with, which ended with the victory of Argentina and the formation of the state. The history of Argentina in the 20th century is replete with dictatorial governments that were composed of military personnel. In the context of a political crisis, the next military government of Galtieri got involved in a military conflict with Great Britain over the Falkland Islands (Malvinas), which ended with the surrender of the Argentine garrison in this region.
Currently, Argentina is a state with a stable democratic political power, but with an unbalanced economy, which suffered greatly as a result of the 2001 default and is currently just beginning to emerge from the crisis.
The current monetary unit of the Republic of Argentina is Argentine peso(ARS code 032). The name of the national currency of Argentina is typical for a number of countries in South America. Translated from Spanish, the word “peso” means small or small.
The very first currency of Argentina was also called the "peso", which was in circulation until 1987, when a monetary unit called the Argentine austrel was introduced into circulation. In 1992, after another currency crisis and default, the austrel was replaced again by the peso.
At the moment, the exchange rate of the Argentine peso to the Russian ruble is such that for 10 Russian rubles when exchanging, banks give approximately 1.6 pesos, for 1 US dollar - approximately 5 pesos, for 1 euro - 6.6 pesos.
The Central Bank of the Argentine Republic, which forms the financial policy of the country, has currently issued banknotes in circulation in denominations of 1 (one), 2 (two), 5 (five), 10 (ten), 20 (twenty), 50 (fifty) and 100 (one hundred) Argentine pesos. Currently in circulation there are also coins in denominations of 1 (one), 2 (two), 5 (five), 10 (ten), 25 (twenty-five) and 50 (fifty) centavos, as well as coins in denominations of 1 (one), 2 (two) and 5 (five) Chilean pesos. The one-peso note is being phased out and replaced by a corresponding coin.
Argentine peso banknotes feature portraits of Argentine political and military figures on the obverse who contributed to the history and development of the country in different historical periods. Thus, on a two-peso bill there is a portrait of Bartolomeo Miter, a famous Argentine figure of the 19th century, on a five-peso bill - Jose de San Martin, the leader of the national liberation movement for independence from Spain, on a ten-peso bill - Manuel Belgrano, an Argentine politician, general and lawyer, twenty pesos - Juan Manuel de Rosas, Argentine military and political figure, fifty pesos - Domingo Faustino Sarmiento, military and political figure of the early 19th century, one hundred pesos - Julio Roca, military and political figure of the late 19th century, President of Argentina . The denomination of the banknote in digital format is depicted in the lower right and upper right corners of the bill. The reverse side of the banknotes depicts scenes of historical events and architectural monuments. Thus, on a two-peso banknote the building of the Bartolomeo Miter Museum is depicted, on a five-peso banknote - the monument of national glory in Mendoza, on a ten-peso banknote - the national monumental ensemble of Rosario, on a twenty-peso banknote - a picture of the naval battle of Obligado, on a fifty-peso banknote - the building of the country's government in Buenos Aires, one hundred pesos - a group of cavalrymen who arrived in the lands being developed. The denomination of the banknote in digital format is depicted in the upper right and lower left corners of the banknote.
Banknotes of the Argentine Republic are printed by the National Mint of Argentina.
All Argentine coins have a regular radial round shape. They differ in the material from which they are made, and in the design of the obverse and reverse. The obverse features the heraldic symbols of the country and the Central Bank and the profiles of historical political figures of the country. On the reverse there is a denomination and a stylistic design.
Argentine coins are minted at the National Mint of Argentina in the country's capital.
Tourists and guests of the country can exchange their currency at banking institutions in all major cities of the country without exception. An exchange commission is charged in the amount of 3% of the exchange amount. You can also make an exchange with private money changers, here the rate will be more favorable than with government agencies.
Argentine Peso (ARS)- currency of Argentina. The symbol for the Argentine peso is the same as the dollar symbol ($). At the dawn of the 20th century, the Argentine peso was one of the most traded currencies in the world. Unfortunately, the next hundred years for Argentina were full of economic difficulties, during which time there were repeated periods of hyperinflation, and, ultimately, the Argentine currency became worthless.
The Argentine peso is divided into 100 centavos. There are banknotes in circulation in denominations of 2, 5, 10, 20, 50, and 100 pesos. Coins in circulation: 1, 2, and 5 pesos, as well as 1, 5, 10, 25, and 50 and centavos.
Argentine peso exchange rate
In the currency converter you can see the rate of the Argentine peso to the ruble, the rate of the Argentine peso to the dollar, and to the euro.
A Brief History of the Argentine Peso, History of the Currency of Argentina
Even before 1826, the Spanish eight-real coin then in use became known as the “peso.” After Argentina gained independence, new coins began to be used in the country: escudo, sol, and real. The coins continued to be used until 1881.
From 1881 to 1969, silver and gold peso coins were introduced. The gold coins were in denomination 2? and 5 pesos, silver - 5, 10, 20, and 50 centavos, and 1 peso. Copper coins in denominations of 1 and 2 centavos were also used.
From 1970 to 1983, the “peso leu” began to be used instead of the previous peso. 1 peso leu was equal to 100 pesos nacional. From 1983 to 1985, the previous currency, the peso, was used. From 1985 to 1991, the Austral currency was used.
In 1992, the latest version of the peso was introduced, which is called the “convertible peso” in the international market. The Argentine Central Bank set the exchange rate between the peso and the US dollar at a ratio of 1:1. After 2001, due to the financial crisis, the fixed exchange rate between the two currencies was broken, and since 2002 the exchange rate has fluctuated.
Banknotes and banknotes of Argentina, photo of the Argentine peso
Below are all currently issued banknotes of Argentina. For each banknote there is a photo of both the front and back sides.
| Amount of Argentine Pesos | Front side | Reverse side |
| 2 Argentine pesos |  |
|
| 5 Argentine pesos |  |
 |
| 10 Argentine pesos |
Argentine Peso(sign: $; code: ARS) is the currency of the Argentine state. Consists of 100 centavos. Previously, this currency also had the name “peso”; at the moment, previous issues of pesos have different names. The modern currency of Argentina was introduced after the abolition of the Austral in 1992. The exchange rate fluctuated around 3 pesos per US dollar from 2002 to 2008, and is around 4 ARS from 2009 to 2011. To maintain the peso, it was necessary to make periodic purchases of US dollars from the Central Bank.
Area of circulation of the Argentine Peso:
Argentina.
Argentine Peso rates:
- Argentine peso (ARS) to ruble (RUB) exchange rate online now on the Forex exchange
- Rates, exchange quotes for cash Argentine peso to ruble in banks for today
History of the Argentine Peso.
After the introduction of the Argentine peso in 1992, it was replaced by the austral at a rate of 1:10,000. A controlled peso was also in use with the Central Bank exchange rate at the ratio of 1 peso to 1 US dollar. The new peso was approximately equal to 10,000,000,000,000 moneda nacional pesos. After the breakdown of the fixed exchange rate and the financial crisis in 2001, it began to fluctuate around four pesos to one US dollar. The devaluation was 75%. The export boom led to a massive influx of US dollars into the Argentine economy, which led to the stabilization of the national currency. After some time, the Central Bank announced its support for the strategy of maintaining the exchange rate between 2.90 and 3.10 pesos per US dollar, in order to support export competitiveness. When necessary, the Central Bank prints pesos and buys dollars on the free market to protect the peso from inflation, with US$27,000 million accumulated in the Central Bank's vaults despite spending US$9,810 million as a payment to the IMF in January 2006.