The Argentine Peso (ARS)
The Argentine Peso (ARS, $) is Argentina's official currency. It is issued by the Central Bank of Argentina. Divided into 100 centavos, the Peso has undergone changes throughout the country’s history, reflecting the economic challenges faced. It is crucial for daily transactions and economic stability, especially as Argentina has faced inflation and currency reforms.
Currency overview
The Central Bank of Argentina (BCRA) oversees the Argentine Peso. It manages monetary policy and works to maintain financial stability. Argentina has a floating exchange rate. The Peso's worth is influenced by supply and demand dynamics, the country's broader economic environment, and official regulatory actions.
The Argentine Peso has a rich history dating back to the early 19th century. It was introduced in 1816 after Argentina's independence from Spain, replacing the Spanish real. The Peso has undergone numerous reforms, denominations, and revaluations as Argentina's economy evolved. Over time, it evolved from coins to banknotes and, more recently, to digital forms.
The Argentine Peso (ARS) has shaped Argentina’s economy since its introduction in 1816, replacing the Spanish real. Despite frequent value fluctuations due to inflation, the Peso remains a national symbol of resilience and adaptability.
The currency symbol AR$ stands for Argentina's Peso, combining AR for Argentina and $ as the currency sign. Internationally, the Peso is denoted by the code ARS, reflecting Argentina’s role in global finance.
Argentine Peso Stats | |
|---|---|
Name | Argentine Peso |
Symbol | AR$ |
Minor unitMinor unit | Centavo |
Minor unit symbol | c |
Top ARS conversion | ARS/USD |
Top ARS Chart | ARS to USD, EUR, BRL |
Argentine Peso Profile | |
|---|---|
Nicknames | Peso, “El Peso |
Coins | 5c, 10c, 25c, 50c, $1, $2, $5, $10 |
Bank notes | $20, $50, $100, $200, $500, $1000 |
Central bank | Central Bank of Argentina (BCRA) |
Users | Argentina |
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