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The following table contains the monthly historical exchange rate of the different currencies of Argentina, expressed in Argentine currency units per United States dollar. The exchange rate at the end of each month is expressed in: From January 1914 to December 1969: Pesos Moneda Nacional. From January 1970 to May 1983: Pesos Ley 18188.
The peso (established as the peso convertible) is the currency of Argentina since 1992, identified within Argentina by the symbol $ preceding the amount in the same way as many countries using peso or dollar currencies. It is subdivided into 100 centavos and then Central Bank introduced new issues with peso subdivisions like 1, 2, 5 and 10.
Greenback (1860s money) Greenbacks were emergency paper currency issued by the United States during the American Civil War that were printed in green on the back. [ 1] They were in two forms: Demand Notes, issued in 1861–1862, [ 1] and United States Notes, issued in 1862–1865. [ 2] A form of fiat money, the notes were legal tender for most ...
Late in 1922 the free market rate fell to 5.405 per dollar. The government took draconian measures, requiring exporters to surrender foreign exchange earnings at a rate set by the Exchange Commission (3.60/US$). The government struggled with the foreign exchange problem until the sucre was finally stabilized in 1926 at 5 sucres per US dollar.
The Great Depression reduced their numbers further, since necessity prevented the collection of pesos in large denominations. [37] Thus less than five exemplars are known to exist of the 100 and 200 peso banknotes issued by El Banco Español de Puerto Rico and the 5 and 10 dollars Series F bills published by the Bank of Puerto Rico. [42]
The Convertibility plan was a plan by the Argentine Currency Board that pegged the Argentine peso to the U.S. dollar between 1991 and 2002 in an attempt to eliminate hyperinflation and stimulate economic growth. [1] While it initially met with considerable success, the board's actions ultimately failed. The peso was only pegged to the dollar ...
The United States dollar ( symbol: $; currency code: USD; also abbreviated US$ to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries.
Argentina’s financial markets are closed for a local holiday, but the peso weakened slightly in partial trade to stand at around 353.58 to the US dollar. The value of the currency has plunged ...