Argentine peso moneda nacional

Last updated
Argentine peso moneda nacional
peso moneda nacional argentino (Spanish)
Unit
Symbol m$n or $+mn
Denominations
Superunit
5argentino
Subunit
1100 centavo
Symbol
centavo ¢
Banknotes50 centavos, 1, 5, 10, 50, 100, 500, 1000, 5000, 10000 pesos
Coins1, 2, 5, 10, 20, 50 centavos, 1, 5, 10, 25 pesos
Demographics
Date of introduction5 November 1881
Replaced Argentine real
Date of withdrawal1 January 1970
Replaced by Argentine peso ley
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.

The peso moneda nacional (symbol: m$n) was the currency of Argentina from 5 November 1881 to 1 January 1970, the date in which the peso ley 18.188 was issued to the Argentine public. It was subdivided into 100 centavos, with the argentino worth 5 pesos. The peso was introduced to replace the Argentine peso moneda corriente at a rate of $+mc 25 = m$n 1.

Contents

History

The peso moneda nacional replaced the Argentine real at a rate of one to eight. It also replaced the peso fuerte at par and the peso moneda corriente at a rate of 25 pesos moneda corriente = 1 peso moneda nacional. The peso moneda nacional was itself replaced by the peso ley at a rate of one hundred to one.

The peso was initially pegged to the French franc at a rate of 1 peso = 5 francs. In 1883, when silver coins ceased production, the paper peso was set at a value of 2.2 francs or 638.7 mg gold. After a suspension in the gold standard from 1914, in 1927, a peg to the U.S. dollar was established of 2.36 pesos = 1 dollar. The rate changed to 1.71 pesos = 1 dollar in 1931, then to 3 pesos = 1 dollar in 1933. Between 1934 and 1939, the peso was pegged to sterling at a rate of 15 pesos = £1 stg (1 peso = 1s. 4d. stg). High inflation in the post-war period lead to the introduction of the peso ley 18.188 in 1970 at the rate of 100 pesos moneda nacional = 1 peso ley.

Coins

In 1881, silver 10, 20 and 50 centavos and 1 peso and gold 1 argentino coins were introduced, followed by bronze 1 and 2 centavos the next year. Silver coins ceased production in 1883, with gold coins ending in 1896. Base metal 5, 10 and 20 centavos were introduced in 1896, with base 50 centavos following in 1941. The 1 peso was reintroduced in 1957, with 5, 10 and 25 pesos introduced in 1961, 1962 and 1964.

Centavo

ValueObverseEmissionWithdrawnCompositionDiam.Image
1Liberty1882–189621 April 1959Bronze25 mm 1ctPatacon.PNG
1 Coat of arms 1939–194421 April 1959Bronze16 mm
1Coat of arms1945–194821 April 1959Copper16 mm
2Liberty1882–189621 April 1959Bronze30 mm 2 centavos 1890 Argentina.jpg
2Coat of arms1939–194721 April 1959Bronze20 mm 2CtsArg$$$$$.PNG
2Coat of arms1947–195021 April 1959Copper20 mm
5Liberty1896–194231 January 1965Copper-Nickel17 mm 5cts1896.PNG
5Liberty1942–195031 January 1965Aluminium-Bronze17 mm 5Centavos1949.PNG
5 José de San Martín 1950–195331 January 1965Copper-Nickel17 mm 5CENTSde50.PNG
5José de San Martín1953–195631 January 1965Copper-Nickel-clad steel17 mm 5Centavoos56.PNG
5Liberty1957–195931 January 1965Copper-Nickel-clad steel17 mm 5cts57.PNG
10Liberty1881–1883.900 Silver18 mm Argentina 10 centavos 1883.jpg
10Liberty1896–194221 January 1966Copper-Nickel19 mm 10cts1926.PNG
10Liberty1942–195021 January 1966Aluminium-Bronze19 mm 10cts57.PNG
10José de San Martín1950–195221 January 1966Copper-Nickel19 mm
10José de San Martín1952–195621 January 1966Nickel-clad steel19 mm
10Liberty1957–195921 January 1966Nickel-clad steel19 mm 10cts57.PNG
20Liberty1881–1883.900 Silver22 mm Argentina 20 centavos 1883 (1).jpg
20Liberty1896–194231 January 1967Copper-Nickel21 mm 20 centavos 1942 Argentina.jpg
20Liberty1942–195031 January 1967Aluminium-Bronze21 mm 20Centavos1949.PNG
20José de San Martín1950–195231 January 1967Copper-Nickel21 mm 20Centavoos52.PNG
20José de San Martín1952–195631 January 1967Nickel-clad steel21 mm
20Liberty1957–196131 January 1967Nickel-clad steel21 mm 50cts59.PNG
50Liberty1881–1883.900 Silver29 mm 50 Centavos 1883.jpg
50Liberty194131 January 1969Nickel24 mm 50cts1941.PNG
50José de San Martín1952–195631 January 1969Nickel-clad steel23 mm 10 centavos - Peso Moneda Nacional - Argentina - 1951.png
50Liberty1957–196131 January 1969Nickel-clad steel23 mm

Peso

ValueObverseEmissionWithdrawnCompositionDiam.Image
1Liberty1881–1883.900 Silver39 mm
1Liberty1957–19621 October 1974Nickel-clad steel25 mm 1PESOArgentina.PNG
1 Buenos Aires Cabildo19601 October 1974Nickel-clad steel25 mm
5Liberty1881–1896.900 Gold23 mm
5 President Sarmiento frigate 1961–196812 April 1976Nickel-clad steel21 mm 5PESOSArgentina.png
10Gaucho riding horse1962–196812 July 1976Nickel-clad steel21 mm 10pesos.png
10 House of Tucumán 196612 July 1976Nickel-clad steel21 mm
1956-1969 M 0000010-00-A 1966 Sesquicentenario de la Independencia 23mm Acero revestido en Niquel.jpg
25First national coin1964–196812 July 1976Nickel-clad steel26 mm 25PesosArgentina.png
25 Domingo Faustino Sarmiento 196812 July 1976Nickel-clad steel26 mm
1956-1969 M 0000025-00-A 1968 Centenario de la asuncion presidencial Domingo Faustino Sarmiento 26mm Acero revestido en Niquel.jpg

Banknotes

Provincial

There were several banknotes issued by provinces of Argentina, such as Buenos Aires (issued by its respective provincial entity (1883–85), Santa Fe (1882), Entre Ríos (1885), Córdoba (1889), Entre Ríos (1885), Chaco (1884), Salta (1884), and Tucumán (1888) provincial banks.

Banknotes issued by "Banco Provincia de Buenos Aires"
10 centesimos pesos oro.jpg 0.16 centesimos pesos oro.jpg 2 pesos oro argentina.jpg 100pesos oro b.jpg

Pesosoro 500 belgrano sanmartin.jpg

0,10 Pesos Oro0,16 Pesos Oro2 Pesos Oro100 Pesos Oro500 Pesos Oro

Banco Nacional

The first nationally issued banknotes were introduced by the "Banco Nacional" in 1883. These were in denominations of 5, 10, 20 and 50 centavos.

Banknotes issued by "Banco Nacional"
Arg 10Centavos 1884 A.jpg 0.20 Peso Moneda Nacional (Nacion) A 1891.jpg 5 centavos.png

Anverso - Billete 10 centavos de Peso Moneda Nacional (Argentina).png

10 cent. (1884)20 centavos5 centavos10 cent. (1895)

1899–1935 issues

In 1891 and 1892, the same denominations were produced by the recently created "Banco de la Nación Argentina". In 1894, the Banco Nación introduced larger denomination notes for 1, 2, 5, 10, 20, 50, 100, 200, 500 and 1000 pesos.

Paper money production was taken over by the "Caja de Conversión" in 1899. That year, 50 centavos, 1 and 100 pesos were introduced, followed in 1900 by notes for 5, 10, 50, 500 and 1000 pesos. These notes were issued until 1935, when the Banco Central began to produce notes. Law 3505, of 20 September 1897, authorized the Caja de Conversión to renovate all paper money in existence at the time. They decided to make new design called "Progress's Effigy" ("Efigie del Progreso").

These bank notes were created originally in a bigger size and printed by the mint (Casa de Moneda), using French-made paper. Due to their size, and the paper not being of good enough quality, they began to deteriorate. They then decided to suspend the printing and look for another provider. The new notes, of smaller size, started to be issued in 1903, using typography as the printing method.

ValueIssue datesImage (obverse / reverse)
Argentine peso moneda nacional1899–1900, 1918–1926 50 Centavos Moneda Nacional A-B 1903.jpg
1 Peso1900–1903, 1906–1935 1 Peso Moneda Nacional A-B 1903.jpg
5 Pesos1900–1935 5 Peso Moneda Nacional A-B 1903.jpg
10 Pesos1900–1935 10 Peso Moneda Nacional A-B 1903.jpg
50 Pesos1900–1935 50 Peso Moneda Nacional A-B 1903.jpg
100 Pesos1899–1932 100 Peso Moneda Nacional A-B 1903.jpg
500 Pesos1900–1901, 1905, 1909–1930, 1935 500 Peso Moneda Nacional A-B 1903.jpg
1000 Pesos1901, 1905, 1906, 1908, 1910–1934 1000 Peso Moneda Nacional A-B 1903.jpg

Banco Central

When the Central Bank of Argentina was established it took over the banknotes, which began to be printed by the Casa de Moneda. The banknotes designs were not modified until 1942, when the bank decided to introduce new designs, leaving the allegory of Liberty figure behind. Some series were printed in Great Britain. [1]

The Banco Central issued the following banknotes:

ValueObverseReverseEmission start dateWithdrawnImage (obverse / reverse)
0.50 [n 1] Allegory of Liberty National Constitution 194231 December 1960 50 Centavos Moneda Nacional A-B 1950.jpg
1Justice Casa de Tucumán 193531 December 1960 1 Peso Moneda Nacional A-B 1950.jpg
5 José de San Martín May Revolution 193531 January 1965 5 Peso Moneda Nacional A-B 1950.jpg
10José de San Martín Oath of Independence 17 March 193631 January 1965 10 Peso Moneda Nacional A-B 1950.jpg
50José de San Martín Crossing of the Andes (painting by Augusto Ballerini)10 September 193630 March 1968 50 Peso Moneda Nacional A-B 1950.jpg
50José de San MartínCrossing of the Andes2 January 194330 September 1968 50 peso Moneda Nacional 1964 A.jpg 50 peso Moneda Nacional 1964 B.jpg
100José de San MartínFounding of Buenos Aires (painting by José Moreno Carbonero)14 August 193630 March 1968 100 Peso Moneda Nacional A-B 1950.jpg
100José de San MartínFounding of Buenos Aires23 December 194330 September 1968 100 peso Moneda Nacional 1964 A.jpg 100 peso Moneda Nacional 1964 B.jpg
500José de San Martín Central Bank of Argentina 21 December 194430 March 1968 500 peso Moneda Nacional 1964 A young.jpg 500 peso Moneda Nacional 1964 B young.jpg
500José de San MartínSan Martín's house at Grand Bourg25 November 196430 September 1968 500 Peso Moneda Nacional A-B 1950.jpg
1,000José de San Martín Frigate Presidente Sarmiento 21 December 19441 July 1975 1000 peso Moneda Nacional 1964 A.jpg 1000 peso Moneda Nacional 1964 B.jpg
5,000José de San Martín National Congress 4 October 19621 July 1975 5000 peso Moneda Nacional 1964 A.jpg 5000 peso Moneda Nacional 1964 B.jpg
10,000José de San MartínSan Martín and O'Higgins meeting18 December 19611 July 1975 10 lucas de frente.jpg 10 lucas atras.jpg
Notes
  1. 50 centavos

Bibliography

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References

  1. Peso Moneda Nacional on Billetes Argentinos