What is the currency of Argentina?

The Argentine Peso is the currency of Argentina. Our currency rankings show that the most popular Argentine Peso exchange rate is the ARS to USD rate. The currency code for Pesos is ARS, and the currency symbol is $. Below, you'll find Argentine Peso rates and a currency converter.

What banknotes are in circulation in Argentina?

The banknotes in current circulation include the 20, 50, 100, 200, 500 and 1,000 peso notes. What is the local currency of Argentina? The current Argentine peso is the most recent in a long line of pesos in the region. For nearly 200 years some form of peso has been used in the country.

Why do Argentines love the US dollar?

And while the peso is the official currency here, Argentines have always maintained an ongoing love affair with the US dollar. A volatile economy pushes many to “invest” in US dollars as a way to keep their savings stable and safe from inflation. This puts an unhealthy and unnatural demand on foreign currency and depreciates the peso.

When did Argentine coins start to depreciate?

It started at par with the peso fuerte, but depreciated with time. Although the Argentine Confederation issued 1-, 2- and 4- centavo coins in 1854, with 100 centavos equal to 1 peso = 8 reales, Argentina did not decimalize until 1881.