Argentinian peso exchange rate

The Argentine peso and its contemporary face

Peso has been shaped by decisions of the Banco Central de la Republica Argentina, the Argentine Central Bank, which controls the banking system and is responsible for the country's monetary policy. Its actions influence the exchange rate the Argentine peso will achieve. It also manages the issuance of banknotes and coins in Argentina. The Argentine peso is divided into 100 centavos, although coins with a denomination of less than 1 peso are rarely used. In 1992, the first series of banknotes introduced denominations of 1, 2, 5, 10, 20, 50 and 100 pesos, with the 1-peso note being replaced by a coin of this denomination 2 years later. Due to continuous devaluation to which the Argentine currency was subject, banknotes with denominations of 200 and 500 pesos were issued in 2016 in the fourth series, and in 2018 - 1,000 pesos. In contrast, the latest series of banknotes from 2023 contains the denominations of 100, 200, 500, 1000 and the new highest denomination, the 2000 peso.

Over the course of more than 30-year history of Argentina's present currency, it is not only the denominations that have changed, but also the appearance of the banknotes. The obverses of its current series are decorated with depictions of important figures who have played an important role in Argentina's history, such as Eva Perón, a political and social activist and the wife of Argentine President Juan Perón. The reverses depict important events related to the figures on the obverse, such as the granting of suffrage to women.