Argentine peso
Argentina/Currencies
The Argentine Peso (ARS) is the currency unit for Argentina. The Peso symbol is the same as the dollar sign ($). The Peso is subdivided into centavos; 1 Peso = 100 centavos.

Why is the dollar worth so much in Argentina?

The Argentinian government have strict currency restrictions which give rise to a huge black market for US dollars. When we first arrived in Argentina in 2018, the black market had all but disappeared. The president had normalised the flow of currency so demand for under-the-counter currency exchange dwindled.

Can I use US dollars in Argentina?

The official currency of Argentina is the Argentine Peso, however, it’s common to use US dollars when travelling in the country.

Is it cheaper to live in Argentina?

Many expats and retirees manage to live quite comfortably on $1000 to $1,300 per month, and couples on around $1,500 to $1,800 a month. Cheap rent provides a big boost to Argentina’s affordability, especially for those who choose to reside outside the more popular tourist districts.

What kind of money do they have in Argentina?

The Argentine unit of currency is the peso (AR$). Notes come in denominations of two, five, 10, 20, 50, 100, 200, 500 and 1000 pesos. One peso equals 100 centavos; coins come in denominations of five, 10, 25 and 50 centavos, as well as one and two pesos.

How much money does one peso equal in Argentina?

One peso equals 100 centavos; coins come in denominations of five, 10, 25 and 50 centavos, as well as one and two pesos. At present, US dollars are accepted by many tourist-oriented businesses, but you should always carry some pesos.

When did the Argentine peso start to be convertible?

The non-convertible peso moneda corriente (everyday currency) ( $m/c) was also introduced in 1826. It started at par with the peso fuerte, but depreciated with time. Although the Argentine Confederation issued 1-, 2- and 4- centavo coins in 1854, with 100 centavos equal to 1 peso = 8 reales, Argentina did not decimalize until 1881.

What was the exchange rate for the Argentine peso in 2002?

Since January 2002, the exchange rate fluctuated, up to a peak of four pesos to one dollar (that is, a 75% devaluation). The resulting export boom produced a massive inflow of dollars into the Argentine economy, which helped lower their price.