Argentina Peso (ARS)
Tue, Apr 15The Argentina Peso (ARS) serves as the official currency of Argentina, a nation located in South America. It is issued and overseen by the Banco Central de la República Argentina (BCRA), which is the central bank of Argentina. The peso is divided into 100 smaller units known as centavos.
The Argentine Peso has a rich history marked by several currency revaluations and redenominations. The current version of the Argentine Peso was introduced in 1992, replacing the Austral at a conversion rate of 1 peso = 10,000 australes.
In circulation, banknotes are available in denominations of 10, 20, 50, 100, 200, 500, and 1000 pesos. Coins can be found in denominations of 1, 2, 5, and 10 pesos, as well as 1, 5, 10, 25, and 50 centavos. However, centavo coins are becoming increasingly scarce due to inflation.
The value of the Argentine Peso has undergone significant fluctuations over the years, primarily due to economic instability, high inflation rates, and political challenges. The exchange rate of the peso is affected by the central bank’s monetary policies, market interventions, and global economic conditions.
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