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Argentina Currency

The peso (originally
established as the peso
convertible) is the
currency of Argentina,
identified by the symbol
$ preceding the amount
in the same way as
many countries using
dollar currencies. It is
subdivided into 100
centavos. Its ISO 4217
code is ARS. Several
earlier currencies of
Argentina were also
called "peso"; as
inflation progressed a
new currency with a
few zeroes dropped
and a different qualifier
(peso national currency,
peso law 18188, peso
argentino...) was
introduced. Since 1969
thirteen zeroes have
been dropped (a factor
of ten trillion).
In recent times the
exchange rate hovered
around 3 pesos per
United States dollar
from 2002 to 2008, was
around 4 pesos from
2009 to 2011, and has
reached 6 pesos on
November 2013.
By November 2013, due
to the National
Government's policies
and the market's lack
of trust in the currency,
the free exchange rate
(the only possible one,
as the government has
banned the access to
US dollars) is about 10
pesos per US dollar
(although it fluctuates
wildly).
The peso (originally
established as the peso
convertible) is the
currency of Argentina,
identified by the symbol
$ preceding the amount
in the same way as
many countries using
dollar currencies. It is
subdivided into 100
centavos. Its ISO 4217
code is ARS. Several
earlier currencies of
Argentina were also
called "peso"; as
inflation progressed a
new currency with a
few zeroes dropped
and a different qualifier
(peso national currency,
peso law 18188, peso
argentino...) was
introduced. Since 1969
thirteen zeroes have
been dropped (a factor
of ten trillion).
In recent times the
exchange rate hovered
around 3 pesos per
United States dollar
from 2002 to 2008, was
around 4 pesos from
2009 to 2011, and has
reached 6 pesos on
November 2013.
By November 2013, due
to the National
Government's policies
and the market's lack
of trust in the currency,
the free exchange rate
(the only possible one,
as the government has
banned the access to
US dollars) is about 10
pesos per US dollar
(although it fluctuates
wildly).


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