The currency of Argentina. Argentine peso: history of creation

The Argentine Republic is located in SouthAmerica and is one of the richest countries in the region. The shores of its eastern part are washed by the waters of the Atlantic Ocean, which is very attractive for tourists from all over the world. Also, travelers are interested in the north-western areas of the Andes, where you can go on mountain skiing and have a good rest. Tourists often ask questions about which currency in Argentina and what monetary units are in motion. It is necessary to say that the US dollar remains in circulation in circulation, especially if it is a question of visiting large cities and tourist centers. In a remote provincial area, you need to have local money. The currency of Argentina is called the new Argentine peso. On the international market of currencies it is designated by three initial letters ARS. There are smaller coins, which are called centavos.

From the history of the country

The name of the state is translated from Latinlanguage, as "silver". This is very symbolic, because the Spaniards arrived in Argentina precisely to find this metal. For a long time the country was under their yoke and only in 1816 it gained independence.

currency of argentina

The beginning of the 20th century was the heyday of Argentina. European emigrants greatly enriched it and made it the richest on the continent. In 1976, the power was in the hands of the military junta. In 1983, the country established a democratic system, but the original Argentine Falkland Islands and remained under the rule of Britain. The economy of the state was greatly affected by the economic crisis of the late twentieth century, from which Argentina could only withdraw by 2006.

Nominal of banknotes and coins

The Argentine peso has a paper expression. Also in circulation there are coins with the face value of one, two and five pesos. In the paper version, there are bills of two, five, ten, twenty, fifty and one hundred pesos. In addition, the country has a coin circulation - centavo. In one peso - one hundred centavo. Before the appearance of the current money, the currency of Argentina was called the austral.

argentina currency exchange rate

Coins in Argentina are made from variousmetals such as brass, aluminum bronze, alloys of copper, nickel and brass, copper and nickel. In the state there is a coin made of pure gold. It is called "Argentino" and has a denomination of one peso. On one side of the gold coin is a coat of arms, and on the other a woman personifying Argentina.

Paper bills all the same size - 155 to 65millimeters. They are made of paper made up of cotton fiber. The currency of Argentina has several degrees of protection, including watermarks.

What the peso looks like

On paper banknotes the most beautifuland significant places of the state, such as the Monument of Independence, the President's Palace, the Miter Museum and the National Congress. On the opposite side are portraits of famous people in Argentina. Among them:

what currency is in argentina

  • Carlos Pellegrini. He was vice president and president of Argentina. He became the founder of the bank and contributed to the country's exit from the economic crisis at the end of the XIX century.
  • Juan Manuel de Rosas is a politician and head of the confederation in Argentina. He was one of the first dictators in Latin America. His image can be seen on a twenty peso banknote.
  • Julio Argentina Roca - politician who tookparticipation in pacifying the Indians, for which he gained authority in high circles. He was twice elected president of Argentina and successfully coped with his duties. His portrait is placed on a bill in one hundred pesos.
  • Domingo Fuastino Sarmiento is a military leader, ambassador to the United States and president of Argentina. His portrait is placed on a bill of fifty pesos.
  • Manuel Belgrano - political figure of the late XVIII - early XIX centuries. He was engaged in advocacy, he was a famous general. Pictured on a note in ten pesos.
  • Jose Francisco de San Martin is the national hero of Argentina. He headed the resistance movement to the colonialists. Pictured on a bill of five pesos.

History of the appearance of pesos

The currency of Argentina until 1985 was called the oldArgentine peso. As a result of the denomination, a thousand pesos were exchanged for one austral. In the country there was a strong inflation, so there was a need for a new exchange. For ten thousand australia gave one new peso. There was a new exchange on the last day of 1991. Until today, the new Argentine peso remains in the process.

Exchange rates

The leadership of the state follows the policymanaged floating exchange rates. Among the Latin American countries such tactics are followed only by Venezuela and Argentina. The currency, the rate of which for a long time was quite high, has recently declined by half. On the territory of the country in free circulation there are also American dollars. A large percentage of payments are made by Visa cards and others.

Argentine peso course

The rate of the Argentine peso against the dollar is 1: 9, and to the euro - 1: 9.5. Recently, all major world currencies have fallen. This also affected the Argentine peso.

Recommendations for tourists

For those who are going to spend an unforgettable vacationin Argentina, do not forget that this is quite an expensive country. Until some time, even the Argentines themselves tried to go on vacation to cheaper countries, such as the US or Brazil.

For visitors a day to subsistence will have tospend at the most modest estimates about five dollars, on the average the same day for food you will take about fifty dollars. House prices range from ten to one hundred and fifty dollars a day. The currency of Argentina is quite expensive, so tourists from the territory of the post-Soviet space do not always choose the country as a place for recreation.

Argentine peso

In Argentina, there is a two-tier price system. For the local population, everything is cheaper, and for foreign visitors - at times more expensive. The currency of Argentina is in an insufficiently stable position. The country is in many respects experiencing the moments of inflation, like many other states in the modern world. Nevertheless, the tourist flow to Argentina remains consistently high.

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