The Argentina Peso (ARS) is the official currency of Argentina, a country in South America.
It is issued and managed by the Banco Central de la República Argentina (BCRA), Argentina’s central bank. The peso is subdivided into 100 smaller units called centavos.
The Argentine Peso has a long history with multiple currency revaluations and redenominations.
The current Argentine Peso was introduced in 1992, replacing the Austral at a rate of 1 peso = 10,000 australes.
Banknotes in circulation come in denominations of 10, 20, 50, 100, 200, 500, and 1000 pesos.
Coins are available 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 rare due to inflation.
The value of the Argentine Peso has experienced significant fluctuations over time, mainly due to economic instability, high inflation rates, and political issues.
The exchange rate of the peso is influenced by the central bank’s monetary policies, market interventions, and global economic conditions.