About the Argentine Peso
The current Argentine Peso was introduced in 1992, replacing the Austral which had suffered from hyperinflation. It was initially pegged to the U.S. dollar.
The name 'Peso' is Spanish for 'weight', referring to the 'piece of eight' silver coins used during Spanish colonial rule.
Interesting Facts
History of Hyperinflation
Argentina has a long history of currency revaluations and hyperinflation, with several different currencies being used over the past century.
Eva Perón on Banknote
A special 100 peso banknote was issued in 2012 to commemorate the 60th anniversary of the death of Eva 'Evita' Perón, a beloved figure in Argentina.
Blue Dollar
Due to strict capital controls, an informal, parallel exchange rate for the U.S. dollar, known as the 'dólar blue', has emerged in Argentina.
Historical Timeline
The Austral replaces the Peso Argentino.
The Peso Convertible replaces the Austral.
The peg to the U.S. dollar is abandoned, leading to a major devaluation.
Argentina faces another period of hyperinflation, leading to new high-denomination banknotes.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- ARS
- Symbol
- $
- Numeric Code
- 032
- Subunit
- Centavo (1/100)
- Introduced
- 1992-01-01
Central Bank
- Name
- Central Bank of the Argentine Republic
- Headquarters
- Buenos Aires, Argentina
- Founded
- 1935
- Current Governor
- Santiago Bausili (since 2023)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 289.4%
- Interest Rate
- 40.0%
Exchange Rates
What Affects the ARS Exchange Rate?
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