ARSArgentine PesoArgentine Peso (ARS)
The Argentine peso is Argentina's national currency and the current unit in a monetary history marked by several major currency reforms.
- ISO code
- ARS
- Symbol
- $
- Region
- Americas
- Currency type
- Fiat currency
- Exchange system
- The Central Bank of Argentina issues peso banknotes and coins and administers the national monetary and foreign-exchange framework.
- Last reviewed
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Quick facts
ARS at a glance
Currency profile
How ARS works
The Argentine peso is Argentina's national currency and the current unit in a monetary history marked by several major currency reforms.
The Central Bank of Argentina issues peso banknotes and coins and administers the national monetary and foreign-exchange framework.
- ARS is divided into 100 centavos and shares the dollar sign with many currencies.
- The current peso replaced the austral in 1992 at 10,000 australes for one peso.
Context
Why this currency matters
ARS cannot be understood safely without its currency-reform history. Older Argentine records may refer to the peso moneda nacional, peso argentino or austral, while the current peso began in 1992; keeping the code, date and unit together prevents large scale errors across those transitions.
Monetary framework
Exchange arrangement
The Central Bank of Argentina issues peso banknotes and coins and administers the national monetary and foreign-exchange framework.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for ARS
Peso moneda nacional established
Argentina created a national monetary unit that unified earlier provincial and foreign-currency circulation.
Central Bank of Argentina - monetary historyAustral introduced
The austral replaced the peso argentino at 1 austral for 1,000 pesos argentinos.
Central Bank of Argentina - monetary historyCurrent peso introduced
The current peso replaced the austral at 1 peso for 10,000 australes.
Central Bank of Argentina - monetary history
Usage and economy
How ARS is used
- Prices, wages and payments across Argentina.
- Southern Cone trade and historical inflation comparisons with neighboring currencies.
Country currency guides
Banknotes and coins
ARS currency units
The Central Bank of Argentina publishes the current peso banknote issues.
The Central Bank of Argentina publishes the peso and centavo coins in current circulation.
One Argentine Peso unit is recorded with 2 decimal places and uses Centavo as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
ARS questions
What currency did the current Argentine peso replace?
ARS replaced the austral in 1992 at 10,000 australes for one peso.
Why is the date essential for old Argentine amounts?
Argentina used several successive currency units with large conversion ratios, so the same peso label can refer to different historical scales.
Why should an Argentine peso amount include ARS?
The dollar sign alone is ambiguous, while ARS identifies the current Argentine peso precisely.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.