Argentine peso ley

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Argentine peso ley
peso ley argentino (Spanish)
ARG0287-Ao.jpg
ISO 4217
CodeARY
(ARL informally) [1]
Unit
Symbol $L
Denominations
Subunit
1100 centavo
Symbol
centavo ¢
Banknotes1, 5, 10, 50, 100, 500, 1000, 5000, 10 000, 50 000, 100 000, 500 000, 1 000 000 pesos
Coins1, 5, 10, 20, 50 centavos, 1, 5, 10, 50, 100 pesos
Demographics
Date of introductionJanuary 1, 1970
Replaced Argentine peso moneda nacional
Date of withdrawalMay 5, 1983
Replaced by Argentine peso
User(s) Argentina
Issuance
Central bank Banco Central de la República Argentina
Website www.bcra.gov.ar
This infobox shows the latest status before this currency was rendered obsolete.
    USD / Argentina Currency Exchange Rates *From January 1970 to May 1983: pesos ley 18188 *From June 1983 to May 1985: peso argentino *From June 1985 to December 1991: australes USD to Argentina Currency Exchange Rates.webp
    USD / Argentina Currency Exchange Rates *From January 1970 to May 1983: pesos ley 18188 *From June 1983 to May 1985: peso argentino *From June 1985 to December 1991: australes
    Argentina inflation 1980-1993 Argentina inflation.webp
    Argentina inflation 1980-1993

    The peso ley 18.188 (ARY; unofficially ARL; peso ley dieciocho mil ciento ochenta y ocho), usually known as either peso or, to distinguish it from the earlier peso moneda nacional, informally as peso ley, was the currency of Argentina between January 1, 1970, and May 5, 1983. It was subdivided into 100 centavos. Its symbol was $L, sometimes $. Its name comes from law 18188 which established it, effective April 5, 1969.

    Contents

    History

    The peso ley replaced the peso moneda nacional at a rate of 100 to 1. It was itself replaced by the peso argentino at a rate of 10,000 to 1. It was later replaced by the Argentine peso on May 5th 1983.[ citation needed ]

    Coins

    In 1970 coins were introduced in denominations of 1, 5, 10, 20 and 50 centavos. As inflation eroded the currency's value, higher denominations were introduced: 1 peso in 1974, 5 and 10 pesos in 1976, and 50 and 100 pesos in 1978.[ citation needed ]

    Centavo

    ValueObverseEmission start dateWithdrawnCompositionDiameter
    1Liberty1 Jan 197031 Oct 1979Aluminium16mm
    518 May 197018mm
    101 Jan 1970Brass17mm
    2018 May 197019mm
    501 Jan 197021mm

    Peso

    ValueObverseEmission start dateWithdrawnCompositionDiameter
    1Sun1 Oct 19742 Jan 1984Aluminium-Brass23mm
    5Sun12 Apr 197624mm
    Guillermo Brown 197724mm
    10Sun12 Jul 197626mm
    Guillermo Brown 197726mm
    50 José de San Martín Bicentennial1 Aug 197827mm
    Conquest of the Desert centennial197927mm
    José de San Martín197927mm
    1980Brass-Clad Steel27mm
    100José de San Martín Bicentennial1 Aug 1978Aluminium-Bronze28mm
    Conquest of the Desert centennial197928mm
    José de San Martín197928mm
    1980Brass-Clad Steel28mm

    Banknotes

    Banknotes were issued in the following denominations:

    ObverseReverseValuePortraitBackEmission start dateWithdrawn
    ARG0287-Ao.jpg Peso ley 1 peso b.jpg 1 Manuel Belgrano Nahuel Huapi Lake 30 Jan 19701 Apr 1981
    Peso ley 5 pesos a.jpg Peso ley 5 pesos b.jpg 5 National Flag Memorial in Rosario 24 Nov 1971
    Peso ley 10 pesos a.jpg Peso ley 10 pesos b.jpg 10 Iguazu Falls 1 Sep 1970
    Pesoley 50pesos a.jpg Pesoley 50pesos b.jpg 50 José de San Martín Termas de Reyes (Jujuy)15 Mar 1972
    Peso ley 100pesos arg.jpg Peso ley 100pesos arg b.jpg 100 Ushuaia 15 Feb 1971
    Peso ley 500pesos arg.jpg Peso ley 500pesos arg b.jpg 500 Cerro de la Gloria (Mendoza)30 Nov 19722 Apr 1984
    1000 Plaza de Mayo (Buenos Aires)27 Nov 1973
    5000 Mar del Plata 12 Dec 1977
    10,000 El Palmar National Park (Entre Ríos)25 Oct 197619 Jul 1985
    50,000 Argentine Central Bank 19 Feb 1979
    100,000National Mint House1 Nov 1979
    500,000Buenos Aires foundation28 Jul 1980
    1,000,000 May Revolution 25 Nov 1981

    See also

    References

    1. "EU Vocabularies, Argentine peso ley". Publications Office of the European Union. 2023-01-28.