The Argentine Republic is located in the SouthAmerica and is one of the richest countries in the region. The shores of its eastern part are washed by the waters of the Atlantic Ocean, which is very attractive for tourists from various countries. Also among travelers are the popular north-western regions of the Andes, where you can go skiing and have a good rest. Tourists often ask questions about what currency in Argentina and what monetary units are in use. It must be said that the American dollar is constantly in circulation in the republic, especially when it comes to visiting major cities and tourist centers. In a remote provincial area, you must have local money. The currency of Argentina is called the New Argentine Peso. In the international currency market, it is indicated by the three initial letters ARS. There are smaller coins that are called centavo.
From the history of the country
State name is translated from Latinlanguage as "silver." This is very symbolic, because the Spaniards arrived in Argentina just to search for this metal. For a long time the country was under their yoke, and only in 1816 it gained independence.
The beginning of the 20th century was the heyday of Argentina.European immigrants significantly enriched it and made it the richest on the continent. In 1976, power was in the hands of the military junta. In 1983, a democratic system was established in the country, but the originally Argentine Falkland Islands remained under British rule. The economic crisis of the end of the twentieth century greatly affected the state’s economy, which Argentina could only get out of by 2006.
Banknotes and coins
The Argentine peso has a paper expression.Also in circulation are coins of one, two and five pesos. In the paper version there are bills of two, five, ten, twenty, fifty and one hundred pesos. In addition, the country has a circulation of coins - centavo. In one peso - a hundred centavo. Before the advent of the current money, the currency of Argentina was called austral.
Coins in Argentina are made from variousmetals such as brass, aluminum bronze, alloys of copper, nickel and brass, copper and nickel. In the state there is a coin that is made of the purest gold. It is called “Argentino” and has a denomination of one peso. On one side of the gold coin, a coat of arms is depicted, and on the other, a woman personifying Argentina.
Paper bills all in one size - 155 by 65millimeters. They are made of paper consisting of cotton fiber. The currency of Argentina has several degrees of protection, including watermarks.
What does peso look like
Paper banknotes depict the most beautifuland significant places of the state, such as the Monument of Independence, the Palace of the President, the Miter Museum and the National Congress. On the opposite side there are portraits of famous people in Argentina. Among them:
- Carlos Pellegrini. He was the vice president and president of Argentina. He became the founder of the bank and contributed to the exit of the country from the economic crisis at the end of the XIX century.
- Juan Manuel de Rosas is a politician and head of the confederation in Argentina. He was one of the first dictators in Latin America. His image can be seen on the twenty pesos banknote.
- Julio Argentino Roca - a politician who tookparticipation in the pacification of the Indians, for which he gained authority in high circles. Twice elected president of Argentina and successfully cope with the responsibilities. His portrait is placed on the bill in a hundred pesos.
- Domingo Fuastino Sarmiento is a military leader, ambassador to the United States and president of Argentina. His portrait is placed on a fifty peso bill.
- Manuel Belgrano is a political figure of the late XVIII - early XIX centuries. He was engaged in advocacy, was a famous general. Depicted on a ten peso bill.
- José Francisco de San Martin is the national hero of Argentina. Headed the movement of resistance to the colonialists. Depicted on a five peso bill.
The history of the peso
The currency of Argentina until 1985 was called the oldArgentine Peso. As a result of the denomination, one thousand pesos was exchanged for one austral. In the country, there was a strong inflation, so there was a need for a new exchange. Over ten thousand australas were given one new peso. There was a new exchange on the last day of 1991. Until today, the new Argentine peso remains in operation.
Exchange rates
The government has a policy ofmanaged floating exchange rates. Among Latin American countries, only Venezuela and Argentina follow such tactics. The currency, the rate of which has long been quite high, has recently decreased by half. On the territory of the country in free circulation are also present American dollars. A large percentage of payments are done with Visa cards and others.
The Argentine peso is 1: 9 against the dollar, and 1: 9.5 against the euro. Recently there has been a fall in all major world currencies. This also affected the Argentine peso.
Recommendations to tourists
Those who are going to spend an unforgettable vacationin Argentina, do not forget that this is a rather expensive country. Until some time, even the Argentines themselves tried to go on holiday to cheaper countries, such as the USA or Brazil.
For visitors per day for food will havespend the most conservative estimates of about five dollars, on average, the day a meal you will take about fifty dollars. Housing prices range from ten to one hundred and fifty dollars a day. The currency of Argentina is quite expensive, so tourists from the territory of the former Soviet Union do not always choose the country as a place to rest.
Argentina has a two-tier price system.For the local population, everything is cheaper, and for foreign visitors - at times more expensive. The currency of Argentina is not stable enough. The country is experiencing moments of inflation in many ways, like many other states in the modern world. Nevertheless, the tourist flow to Argentina remains steadily high.
