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Argentine peso · ARS

$ symbol · 1 country currently using this currency.

Currency info

Adopted: 1992

Currency family: Peso

The Argentine peso's dollar peg was so strict that Argentines could exchange pesos for US dollars at banks until the 2001 crisis forced the government to freeze accounts and break the peg.

  • Introduced in 1992 as part of Argentina's currency reform to replace the austral at a 1:10,000 ratio
  • Pegged to the US dollar from 1991 to 2001 under the Currency Board Arrangement, ensuring 1 ARS = 1 USD
  • The peg was abandoned in 2001 during Argentina's economic crisis, leading to significant devaluation
  • Experienced multiple periods of high inflation, including a major spike in 2023-2024
  • Currently managed by Argentina's Central Bank with floating exchange rates

Countries currently using this currency

Flag of Argentina
Argentina

Related

Other Peso currencies

Chilean peso (CLP)Colombian Peso (COP)Cuban peso (CUP)Dominican Peso (DOP)Mexican peso (MXN)Philippine peso (PHP)Uruguayan peso (UYU)

Historical predecessor

Austral