Currency in Argentina

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Currency in Argentina


Argentina wonderful and interesting country, which enjoys great popularity among many tourists. Those who are going to go for the first time in this country may be wondering: "What is the currency in Argentina?". This country has its own currency, which is called the Argentine peso. It was introduced in 1992 and replaced the old currency - Austral. According to the current exchange rate of 1 peso equals 10,000 australey.Peso a fractional value of 1 peso is divided into 100 centavos. The exchange rate of the peso fluctuates constantly and to keep its exchange rate, the government of Argentina periodically purchases of US dollars. After the financial crisis, which occurred in 2001, was very much disturbed peso exchange rate. And since January 2002, the peso was worth 0.25 dollars, that is 4 pesos per dollar. After some time, the central bank said it wants to support the exchange rate in the range of 2.90 to 3.10 pesos per dollar. The central bank would take all necessary measures to protect the peso against inflation. In 2014, the peso reached its lowest historical level of - eight pesos per dollar.
Money in Argentina

Currently used in circulation in the coin 1, 2, 5 pesos, and 1, 5, 10, 25, 50 cents, and the denominations of 2, 5, 10, 20, 50, 100 peso. The obverse of the coin depicts her dignity and the year of issue, and on the reverse side of a different image. All denominations are mostly red - orange and purple shades, pretty decent design. As they depict portraits of different figures.
What currency to take to Argentina

This issue may occur in tourists planning their holidays in Argentina. It is necessary to give preference to the US dollar, while other foreign currency is fine. In all Argentine banks and major shopping centers, hotels and specialized exchange offices currency can be exchanged without problems. And here in the province to pay them is almost impossible, the Argentine peso is better to have in stock.
Currency Exchange in Argentina

In Argentina, there are a large number of establishments where you can exchange foreign currency for local - airports, banks, specialized exchange offices, etc. Of course, it is better to give preference to banks or exchange offices, as there can enjoy the best currency exchange.