Knowra Argentine peso Argentine peso The official currency of Argentina, divided into 100 centavos. Its modern forms have undergone repeated redesigns and redenominations amid persistent inflation.
Banco Central de la República Argentina : Argentina’s central bank, responsible for monetary policy, currency issuance, and financial-system regulation. It issues pesos and manages monetary policy, reserves, and exchange-rate rules.
Argentine peso moneda nacional : Argentina’s national peso currency, used from 1881 until its replacement in 1970. It was the first peso issued as Argentina’s national currency.
Argentine economic crisis (1998–2002) : A prolonged recession and financial collapse that culminated in Argentina’s 2001–02 crisis. The crisis ended peso-dollar parity and led to a sharp devaluation.
United States dollar : The official currency of the United States and a major international reserve currency. Argentines often use dollars as a store of value when confidence in the peso falls.
Inflation in Argentina : A persistent rise in prices that has repeatedly reduced the purchasing power of Argentina’s currency. Inflation shapes the peso’s changing value and the frequency of currency reforms.
Argentine peso ley : Argentina’s currency from 1970 to 1983, with 100 pesos ley replacing one peso moneda nacional. Its redenomination illustrates repeated attempts to reset the peso’s nominal scale.
Corralito : The 2001 restrictions that sharply limited Argentines’ withdrawals from bank accounts. The peso crisis became a banking emergency when access to deposits was restricted.
Brazilian real : The official currency of Brazil, Argentina’s major regional trading partner. The real provides a nearby comparison for regional currency and trade dynamics.
Argentine exchange controls : Government restrictions on purchasing, holding, or transferring foreign currency in Argentina. Controls limit access to foreign currency and produce distinct official and parallel rates.
Argentine peso argentino : Argentina’s short-lived currency from 1983 to 1985, replacing the peso ley. It preceded the austral and was itself quickly displaced by another reform.
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