Argentina’s national currency is the Argentinian nuevo peso — more commonly known in its country as “Argentine peso” or just “peso.” Like the U.S. dollar, it is represented by the “$” symbol, which is written before the amount. Its ISO currency code is “ARS.” Each peso can be subdivided
into 100 centavos. Argentine currency is issued by the Banco Central de la República Argentina, and cash is distributed in the form of coins and banknotes.
Coin denominations:
Banknote denominations:
The Argentinian nuevo peso has been in use since 1992. It followed a series of different currencies introduced throughout Argentina’s history. Continue reading to learn more about the currencies’ fascinating history.
Brief History of Argentinian CurrencyIn the 1700s, citizens of Argentina and neighboring countries used gold and silver coins. It wasn’t until the early 1800s that paper currency existed, starting with the peso fuerte. The peso fuerte was the first convertible currency and could be exchanged at a rate of 17 pesos to one Spanish ounce of gold. There was another type of paper currency circulating at the same time that was not convertible — the “peso moneda corriente,” or “everyday currency.” In 1881, the government combined the two currencies into its first national currency, the “peso moneda nacional.” It was issued in the form of coins and paper money. The peso moneda nacional remained in use until 1970, when it was replaced with the “peso ley.” In 1983, the peso ley was replaced by the “peso argentino,” which served as the national currency from until 1985. The “austral” replaced the peso argentino in 1983 and lasted until 1991. During this time, Argentina suffered from hyperinflation. The austral was finally replaced by the current peso, which is also known as the “convertible peso.” In 1992, the Central Bank of Argentina established a fixed exchange rate of 1 USD = 1 Peso. The agreement was discontinued in 2001, leaving the Argentine peso with fluctuating exchange rates. Exchange RateTo see the current exchange rate between Argentine pesos and U.S. dollars, check out today’s rate with Remitly.
Unique Design Elements of the Argentine PesoIn recent years, the peso has transformed as old bills have become worn and tattered. Many Argentine banknotes feature war heroes and freedom fighters in a typical horizontal format. Newly issued money focuses on the country’s flora and fauna, which appear vertically.
Fun Facts About ArgentinaArgentina, officially called the Argentine Republic, is the largest Spanish-speaking country in the world. Located in the southern half of South America, Argentina covers 1,073,500 square miles. Its federal capital city of Buenos Aires is the largest in the nation. National Symbols of ArgentinaThe national symbols of Argentina include the colors light blue and white and the golden “Sun of May.” These symbols are used in the design of the Argentine Flag and Argentine Coat of Arms. The sun symbol also appeared on the first Argentine coin. Argentine Culture and ShoppingArgentina is rich in culture with many influences from Spanish, Italian, and Amerindian cultures. Most Argentinians speak Spanish. The U.S. dollar is widely accepted in addition to the Argentine peso. Argentina’s NameArgentina (derived from the Latin word argentum, which means “silver”) is the only country named after a metal. The Spanish word for silver, plata, is commonly used to refer to money.
Send Money to ArgentinaYou can send money to Argentina with Remitly. New customers may be eligible for a special offer on their first transfer. Remitly makes international money transfers faster, easier, more transparent, and more affordable. Since 2011, over 5 million people have used our secure mobile app to send money home with peace of mind. Visit the homepage, download our app, or check out our Help Center to get started. Further reading
How much is $100 US in Argentina?Are you overpaying your bank?. How far does a dollar go in Argentina?The median amount they plan to spend is $1,000, with less than a quarter saying they'll spend over $2,000.
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The U.S. dollar will go far in these 20 international cities.. How cheap is Argentina right now?As of this writing (March 2021) Argentina is quite affordable for those bringing in high-value currencies, though it's more expensive than most other South American countries. If on a tight budget, expect to spend as little as US $22-30 per day, including hostel accommodation, cheap eats, and local public transport.
What products are Argentina famous for?Argentina is one of the world's major exporters of soybeans and wheat, as well as meat. It is also one of the largest producers of wool and wine, but most of its wine is consumed domestically.
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