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Argentine Peso (ARS) Profile

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Currency name: 
Currency code: 
Currency symbol: 

$

Subunit: 
1/100, centavo
Coins freq used: 
$1, $2, 1 centavo, 5 centavos, 10 centavos, 25 centavos, 50 centavos
Coins rarely used: 
 
Banknotes freq used: 
$2, $5, $10, $20, $50, $100
Banknotes rarely used: 
 
Central bank: 
Central Bank of Argentina (www.bcra.gov.ar)
Currency users: 
Currency user map: 

Argentine peso users

The Argentine peso is the currency of Argentina (officially the Argentine Republic) which locates in southern of South America. Argentina is the eighth largest country in Latin America and also in the world.

The country name of Argentina was created since July 9, 1816 when its predecessor La Plata Province declared independence from Spain. The name was firstly formal used in 1826 as Argentine Republic and Argentine Nation.

Argentina is a member of the Union of South American Nations (briefed as UZAN or UNASUL or UNASUR according to various languages) which is an intergovernmental union and was established on December 8, 2004, consisting of twelve members and 2 observers (Mexico and Panama). The Union of South American Nations expects to model the European Union and introduce a common currency, possibly by 2019. 

Currencies of Union of South American Nations (UNASUR), exchange rate: Feb.14th,2013
"UNASUR" Currency name Code 1USD= 1EUR= 1GBP=
Argentina Argentine peso ARS 5.00599 6.68764 7.75558
Bolivia Venezuelan bolívar fuerte BOB 6.90964 9.23015 10.7047
Brazil Brazilian real BRL 1.95928 2.61746 3.03543
Chile Chilean peso CLP 470.738 628.85 729.321
Colombia Colombian peso COP 1783.29 2382.35 2762.9
Ecuador United States dollar USD 1.00000 1.33592 1.54932
Guyana Guyanese dollar GYD 203.948 272.451 315.98
Paraguay Paraguayan guaraní PYG 4089.31 5462.93 6335.42
Peru Peruvian nuevo sol PEN 2.56899 3.43197 3.98019
Suriname Suriname dollar SRD 3.28713 4.39199 5.09252
Uruguay Uruguayan peso UYU 19.0398 25.4355 29.4978
Venezuela Venezuelan bolivar VEF 6.29375 8.40786 9.75069
Panama <2> Panamanian balboa PAB 1.00000 1.33592 1.54932
Mexico <2> Mexican peso MXN 12.6915 16.9561 10.6619

Notes:
<1>. The group expects to model the EU with a common currency by 2019.
<2>.  Mexico and Panama are observers of the Union of South American Nations.

Argentine peso history

Argentine peso was introduced in 1991 and replaced the Argentine austral (ARA) at 1 ARS = 10,000 ARA. The first currency of Argentina was introduced in 1813, previously only Spanish colonial reals circulated. 

Argentina currencies history (from the year of 1527 to present)
Currency name Code Introduced since (Being) used until Notes
Argentine peso ARS December 31, 1991 Present Argentine peso replaced the Argentine austral at a rate of 1 ARS=10,000 ARA in 1991.
Argentine austral ARA June 15, 1985 December 31, 1991 Argentine austral replaced the Argentine peso argentino at a rate of 1 ARA= 1000 ARP in 1985.
Argentine peso argentino ARP June 6, 1983 June 14, 1985 Argentine peso argentino replaced the Argentine peso ley at a rate of 1 ARP=10,000 ARL.
Argentine peso ley ARL January 1, 1970 May 5, 1983 Argentine peso ley replaced the Argentine peso moneda nacional at a rate of 1 ARL=100 ARM.
Argentine peso moneda nacional ARM Novomber 5, 1881 December 31, 1969 Argentine peso moneda nacional replaced the Argentine real at a rate of 1 ARM= 8 Argentine real.
Argentine real / 1813 Novomber 5, 1881 Argentina started issue its own real coins since 1813 in the name of the "Rio de la Plata Province".
Argentine Peso fuerte / 1826 1881 The peso fuerte was a convertibale currency and only was introduced in paper money. It replaced Spanish peso with 17 peso fuerte equaled to one Spanish ounce (27.0643 g) of 0.916 fine gold and later was dropped to 16 pesos fuertes per Spainish gold ounce in 1864. The peso fuerte was replaced by Peso moneda nacional (ARM) at par in 1881.
Argentine Peso moneda corriente / 1826 1881 The peso moneda corriente was a non-convertible currency and was only introduced in paper money. It was introduced at par with Peso fuerte and replaced at 1 ARM=25 peso monedas corrientes in 1881.
Spanish colonial reales /  around 1527 1813 Before 1813, Spanish colonial reals circulated alone in Argentina.

Argentine peso coins and banknotes

The Argentine peso is subdivided into 100 centavos.

Currently in circulation coins are in denominations of 1, 5, 10, 25, 50 centavos, 1, 2 pesos, and banknotes are in denominations of 2, 5, 10, 20, 50, 100 pesos.

Argentine peso and the currency of peso

Peso was originally the name of Spanish dollar (also known as the piece of eight or the eight-real coin) which was issued by Spain and minted in the Spanish Empire. Hence, Peso has been a monetary unit used by many countries which were former Spanish colonies.

Countries currently using peso (exchange rate as per:Feb.12th,2013)
Countries  Official country name Currency name Currency code Location- Continent 1 USD= Independence from Spain
Argentina Argentine Republic Argentine peso ARS South America 4.99699 1.Declared, 9 July 1816
2.Current federal constitution, 1 May 1853
Chile Republic of Chile Chilean peso CLP South America 472.248 1.Declared, 12 Feb.1818
2.Recognized, 25 April 1844
3.Current constitution, 11 Sep.1980
Colombia Republic of Colombia Colombian peso COP South America 1784.180 1.Declared, 20 July 1810
2.Recognized, 7 August 18193c.Current constitution, 4 July 1991
Cuba Republic of Cuba Cuban peso CUP North America 26.500 1.Declared, Oct.10 1868 from Spain
2.Republic declared, May 20,1902 from the U.S.
3.Cuban Revolution, Jan.1, 1959
Dominican Republic Republic of Cuba Dominican peso DOP North America 40.7299 1.from Spain, Dec.1, 1821
2.from Haiti, Feb.27,1844
3.from Spain, Aug.16, 1865
Mexico United Mexican States Mexican peso MXN North America 12.6875 1.Declared, Sep.16,1810
2.Recognized, Sep.27,1821
Philippines Republic of the Philippines Philippine peso PHP Asia 40.7299 1.Established, April 27,1565
2.Declared, June 12, 1898
3.Self-government, March 24,1934
4.Recognized, July 4,1946
5.Current constitution, Feb.2,1987
Uruguay Oriental Republic of Uruguay Uruguayan peso UYU South America 18.9999 Independence from the Empire of Brazil
1.Declaration, 25 August 1825
2.Recognition, 28 Aug. 1825
3.Constitution, 18 July 1830
Countries that previously used peso (exchange rate as per:Feb.12th,2013)
Countries  Official country name Currency name Currency code Location- Continent 1 USD= Independence from Spain
Bolivia Plurinational State of Bolivia Bolivian boliviano BOB South America 6.90963 1.Declared, 6 August 1825
2.Recognized, 21 July 1847
3.Current constitution, 7 Feb.2009
Costa Rica Republic of Costa Rica Costa Rican colón CRC Central America 500.560 1.from Spain, Sep.15,1821
2.Recognizednby Spain, May 10,1850
3.Constitution, Nov.7,1949
Ecuador Republic of Ecuador United States dollar USD South America 1.000 1.Declared, Aug.10, 1809
2.from Spain, May 24,1822
3.Recognized, Feb.16,1830
Equatorial Guinea Republic of Equatorial Guinea Central African CFA franc XAF Africa 487.639 from Spain, 12 Oct.1968
EI Salvador Republic of El Salvador United States dollar USD North America 1.000 1.from Spain, Sep.15,1821
2.Recognized by Spain, June 24,1865
3.from the Greater Republic of Central America, 1898
Guatemala Republic of Guatemala Guatemalan quetzal GTQ North America 7.8445 1.Declared, 15 Sep.1821
2.Restored, 1 July 1823
3.Current constitution, 31 May 1985
Guinea-Bissau Republic of Guinea-Bissau West African CFA franc XOF Africa 487.641 Independence from Portugal
1.Declared, 24 Sep.1973
2.Recognized, 10 Sep.1974
Honduras Republic of Honduras Honduran lempira HNL North America 19.920 1.Declared, 15 Sep.1821
2.Declared 5 Nov.1838 as Honduras
Nicaragua Republic of Nicaragua Nicaraguan córdoba NIO North America 24.285 1.Declared, 15 Sep.1821
2.Current constitution, 9 Jan.1987
Paraguay Republic of Paraguay Paraguayan guaraní PYG South America 4114.51 1.Declared, 14 May 1811
2.Recognized, 15 May 1811
Peru Republic of Peru Peruvian nuevo sol PEN South America 2.58399 1.Declared, July 28,1821
2.Recognized, 14 August 1879
3.Current constitution, 31 Dec.1993
Venezuela Bolivarian Republic of Venezuela Venezuelan bolívar VEF South America 4.300 1.from Spain, 5 July 1811
2.Recognized, 30 March 1845
3.Current Constitution, 20 Dec.1999
Spain Kingdom of Spain the Euro EUR Europe 1.34509 Current Constitutional democracy, 1978