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The Argentine Peso: Monetary History and Economic Evolution

At a Glance

Title: The Argentine Peso: Monetary History and Economic Evolution

Total Categories: 5

Category Stats

  • Monetary History and Predecessors: 7 flashcards, 9 questions
  • The Convertibility Plan and its Aftermath: 10 flashcards, 9 questions
  • Contemporary Exchange Rate Dynamics: 7 flashcards, 10 questions
  • Argentine Currency Design and Symbolism: 28 flashcards, 22 questions
  • Economic Policy Shifts and Challenges: 3 flashcards, 3 questions

Total Stats

  • Total Flashcards: 55
  • True/False Questions: 28
  • Multiple Choice Questions: 25
  • Total Questions: 53

Instructions

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Welcome to Your Curriculum Command Center

This guide will turn you into a Wiki2web Studio power user. Let's unlock the features designed to give you back your weekends.

The Core Concept: What is a "Kit"?

Think of a Kit as your all-in-one digital lesson plan. It's a single, portable file that contains every piece of content for a topic: your subject categories, a central image, all your flashcards, and all your questions. The true power of the Studio is speed—once a kit is made (or you import one), you are just minutes away from printing an entire set of coursework.

Getting Started is Simple:

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Step 1: Laying the Foundation (The Authoring Tools)

This is where you build the core knowledge of your Kit. Use the left-side navigation panel to switch between these powerful authoring modules.

⚙️ Kit Manager: Your Kit's Identity

This is the high-level control panel for your project.

  • Kit Name: Give your Kit a clear title. This will appear on all your printed materials.
  • Master Image: Upload a custom cover image for your Kit. This is essential for giving your content a professional visual identity, and it's used as the main graphic when you export your Kit as an interactive game.
  • Topics: Create the structure for your lesson. Add topics like "Chapter 1," "Vocabulary," or "Key Formulas." All flashcards and questions will be organized under these topics.

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Create a bank of questions to test knowledge. These questions are the engine for your worksheets and exams.

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🔗 Intelligent Mapper: The Smart Connection

This is the secret sauce of the Studio. The Mapper transforms your content from a simple list into an interconnected web of knowledge, automating the creation of amazing study guides.

  • Step 1: Select a question from the list on the left.
  • Step 2: In the right panel, click on every flashcard that contains a concept required to answer that question. They will turn green, indicating a successful link.
  • The Payoff: When you generate a Smart Study Guide, these linked flashcards will automatically appear under each question as "Related Concepts."

Step 2: The Magic (The Generator Suite)

You've built your content. Now, with a few clicks, turn it into a full suite of professional, ready-to-use materials. What used to take hours of formatting and copying-and-pasting can now be done in seconds.

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Instantly create the ultimate review document. It combines your questions, the correct answers, your detailed explanations, and all the "Related Concepts" you linked in the Mapper into one cohesive, printable guide.

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Step 3: Saving and Collaborating

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Study Guide: The Argentine Peso: Monetary History and Economic Evolution

Study Guide: The Argentine Peso: Monetary History and Economic Evolution

Monetary History and Predecessors

The current currency of Argentina, the peso, was established in 1992, replacing the austral at a rate of 10,000 australes to 1 peso.

Answer: True

The peso was established in 1992, succeeding the austral. The correct conversion rate was 10,000 australes to 1 peso.

Related Concepts:

  • What is the current currency of Argentina, and when was it established?: The current currency of Argentina is the peso, which was established in 1992. It replaced the austral at a rate of 10,000 australes to one peso. The peso is subdivided into 100 centavos, although smaller denominations are rarely used due to inflation.
  • What was the significance of the "Convertibility plan" introduced in 1992?: The Convertibility plan, introduced in 1992, established the new peso (later known as the peso convertible) at a fixed exchange rate of 1 peso to 1 U.S. dollar. This policy aimed to combat severe inflation by pegging the peso's value to the U.S. dollar and requiring the Central Bank to hold equivalent foreign currency reserves.
  • What are the main themes represented on the "Native Fauna of Argentina" banknote series?: The "Native Fauna of Argentina" series, introduced in 2016, highlights Argentina's diverse wildlife. Each banknote features a native animal on the obverse and its natural habitat on the reverse, celebrating the country's biodiversity.

Before the current peso established in 1992, Argentina used only one other currency named 'peso' in its history.

Answer: False

Argentina has utilized several currencies named 'peso' throughout its history, including the peso fuerte, peso moneda nacional, peso ley, and peso argentino, prior to the establishment of the current peso in 1992.

Related Concepts:

  • What was the significance of the "Convertibility plan" introduced in 1992?: The Convertibility plan, introduced in 1992, established the new peso (later known as the peso convertible) at a fixed exchange rate of 1 peso to 1 U.S. dollar. This policy aimed to combat severe inflation by pegging the peso's value to the U.S. dollar and requiring the Central Bank to hold equivalent foreign currency reserves.
  • What is the ISO 4217 code for the Argentine peso, and what symbol is used?: The ISO 4217 code for the Argentine peso is ARS. Within Argentina, it is identified by the symbol $, similar to how dollar or other peso currencies are denoted. The symbol Arg$ is sometimes used for clarity.
  • How did the peso moneda nacional (m$n) replace earlier currencies in 1881?: In 1881, the peso moneda nacional (m$n) was established, replacing earlier currencies such as the peso fuerte and peso moneda corriente. The conversion rate was 1 peso moneda nacional to 8 reales, 1 peso fuerte, or 25 peso moneda corriente, marking a significant step towards monetary unification and stability.

The peso moneda nacional (m$n) was established in 1881 to replace earlier currencies like the peso fuerte.

Answer: True

The peso moneda nacional (m$n) was indeed established in 1881, serving to replace earlier currencies such as the peso fuerte and contributing to monetary standardization.

Related Concepts:

  • What economic condition characterized the period of the austral's circulation (1985-1991)?: The period of the austral's circulation (1985-1991) was characterized by severe hyperinflation, leading to rapid price increases and the issuance of auxiliary currencies by provincial governments. This profound economic instability necessitated the eventual replacement of the austral.

What is the current currency of Argentina, established in 1992?

Answer: The Peso

The current currency of Argentina, established in 1992, is the peso.

Related Concepts:

  • What is the ISO 4217 code for the Argentine peso, and what symbol is used?: The ISO 4217 code for the Argentine peso is ARS. Within Argentina, it is identified by the symbol $, similar to how dollar or other peso currencies are denoted. The symbol Arg$ is sometimes used for clarity.
  • What was the significance of the "Convertibility plan" introduced in 1992?: The Convertibility plan, introduced in 1992, established the new peso (later known as the peso convertible) at a fixed exchange rate of 1 peso to 1 U.S. dollar. This policy aimed to combat severe inflation by pegging the peso's value to the U.S. dollar and requiring the Central Bank to hold equivalent foreign currency reserves.
  • What are the main themes represented on the "Native Fauna of Argentina" banknote series?: The "Native Fauna of Argentina" series, introduced in 2016, highlights Argentina's diverse wildlife. Each banknote features a native animal on the obverse and its natural habitat on the reverse, celebrating the country's biodiversity.

Which historical currency was directly replaced by the Argentine peso in 1992?

Answer: Austral

The Argentine peso, established in 1992, directly replaced the austral, which had suffered from hyperinflation.

Related Concepts:

  • What was the significance of the "Convertibility plan" introduced in 1992?: The Convertibility plan, introduced in 1992, established the new peso (later known as the peso convertible) at a fixed exchange rate of 1 peso to 1 U.S. dollar. This policy aimed to combat severe inflation by pegging the peso's value to the U.S. dollar and requiring the Central Bank to hold equivalent foreign currency reserves.
  • What is the ISO 4217 code for the Argentine peso, and what symbol is used?: The ISO 4217 code for the Argentine peso is ARS. Within Argentina, it is identified by the symbol $, similar to how dollar or other peso currencies are denoted. The symbol Arg$ is sometimes used for clarity.
  • How did the peso moneda nacional (m$n) replace earlier currencies in 1881?: In 1881, the peso moneda nacional (m$n) was established, replacing earlier currencies such as the peso fuerte and peso moneda corriente. The conversion rate was 1 peso moneda nacional to 8 reales, 1 peso fuerte, or 25 peso moneda corriente, marking a significant step towards monetary unification and stability.

Which of the following was a historical currency preceding the 1992 peso?

Answer: Austral

The Austral was a significant currency that preceded the current Argentine peso, having been in circulation before the 1992 monetary reform.

Related Concepts:

  • What was the purpose of the Central Bank's intervention in the currency market to keep the dollar price from dropping?: The Central Bank intervened in the currency market by purchasing U.S. dollars to prevent excessive appreciation of the peso, which could negatively impact export competitiveness. This management of the exchange rate aimed to foster a balance favorable to exports and domestic production.
  • What was the significance of the "Convertibility plan" introduced in 1992?: The Convertibility plan, introduced in 1992, established the new peso (later known as the peso convertible) at a fixed exchange rate of 1 peso to 1 U.S. dollar. This policy aimed to combat severe inflation by pegging the peso's value to the U.S. dollar and requiring the Central Bank to hold equivalent foreign currency reserves.

The peso oro sellado was established as Argentina's monetary unit in which year?

Answer: 1881

The peso oro sellado was established as Argentina's monetary unit by law in 1881.

Related Concepts:

  • How did the peso moneda nacional (m$n) replace earlier currencies in 1881?: In 1881, the peso moneda nacional (m$n) was established, replacing earlier currencies such as the peso fuerte and peso moneda corriente. The conversion rate was 1 peso moneda nacional to 8 reales, 1 peso fuerte, or 25 peso moneda corriente, marking a significant step towards monetary unification and stability.
  • What is the ISO 4217 code for the Argentine peso, and what symbol is used?: The ISO 4217 code for the Argentine peso is ARS. Within Argentina, it is identified by the symbol $, similar to how dollar or other peso currencies are denoted. The symbol Arg$ is sometimes used for clarity.

What does the term 'monetary anarchism' refer to in Argentina's currency history?

Answer: The era before 1881 characterized by a lack of a stable, unified monetary system.

'Monetary anarchism' describes the period in Argentina prior to 1881, marked by a lack of a stable, unified monetary system with various unregulated currencies circulating.

Related Concepts:

  • What was the official exchange rate for the Argentine peso in August 2023, and what was the parallel rate?: On August 14, 2023, the official exchange rate was set at 350 pesos to the U.S. dollar. At the same time, the unregulated or "blue" rate valued the peso at approximately 665 pesos per U.S. dollar.
  • What significant devaluation of the peso occurred in December 2023?: On December 12, 2023, following the election of Javier Milei, Economy Minister Luis Caputo implemented a devaluation of the official exchange rate, setting it at 800 pesos to the U.S. dollar, a 54% decrease from the previous rate of 366.5.

Which of the following was a historical currency preceding the 1992 peso?

Answer: Peso Sterling

While Peso Fuerte, Peso Ley, and Austral were historical currencies preceding the 1992 peso, Peso Sterling is not identified as such in the provided context.

Related Concepts:

  • What was the purpose of the "Convertibility plan" introduced in 1992?: The Convertibility plan, implemented in 1992, aimed to stabilize Argentina's economy and combat hyperinflation by pegging the peso to the U.S. dollar at a 1:1 ratio. This policy was backed by foreign currency reserves held by the Central Bank.
  • What was the purpose of the "Convertibility plan" introduced in 1992?: The Convertibility plan, implemented in 1992, aimed to stabilize Argentina's economy and combat hyperinflation by pegging the peso to the U.S. dollar at a 1:1 ratio, supported by foreign currency reserves held by the Central Bank.

The Convertibility Plan and its Aftermath

The Convertibility plan of 1992 pegged the Argentine peso to the Euro at a fixed rate.

Answer: False

The Convertibility plan of 1992 established a fixed exchange rate of 1 peso to 1 U.S. dollar, not the Euro.

Related Concepts:

  • What are the main themes represented on the "Native Fauna of Argentina" banknote series?: The "Native Fauna of Argentina" series, introduced in 2016, highlights Argentina's diverse wildlife. Each banknote features a native animal on the obverse and its natural habitat on the reverse, celebrating the country's biodiversity.
  • What are the main themes represented on the "Native Fauna of Argentina" banknote series?: The "Native Fauna of Argentina" series, introduced in 2016, highlights Argentina's diverse wildlife. Each banknote features a native animal on the obverse and its corresponding natural habitat on the reverse, celebrating the country's biodiversity.
  • When was the fixed exchange rate of 1 peso to 1 U.S. dollar abandoned?: The fixed exchange rate system, established by the Convertibility plan, was abandoned in January 2002, following the financial crisis of 2001. This led to a significant devaluation of the peso.

Argentina abandoned the fixed exchange rate of 1 peso to 1 U.S. dollar in January 2002.

Answer: True

The Convertibility plan, which maintained a fixed 1:1 exchange rate between the peso and the U.S. dollar, was officially abandoned in January 2002.

Related Concepts:

  • What is the ISO 4217 code for the Argentine peso, and what symbol is used?: The ISO 4217 code for the Argentine peso is ARS. Within Argentina, it is identified by the symbol $, similar to how dollar or other peso currencies are denoted. The symbol Arg$ is sometimes used for clarity.
  • What measures did the Central Bank of Argentina take to manage the peso's value after 2002?: To manage the peso's value and prevent excessive depreciation, the Central Bank intervened by issuing pesos and purchasing U.S. dollars. This action aimed to support export competitiveness and domestic industries.
  • How did the Argentine peso's value change after the abandonment of the fixed exchange rate in 2002?: After the fixed exchange rate was abandoned in January 2002, the peso experienced a substantial devaluation, reaching a peak of four pesos to one U.S. dollar. This represented a 75% drop in value but also led to an export boom.

Following the abandonment of the fixed exchange rate in 2002, the Argentine peso significantly appreciated against the U.S. dollar.

Answer: False

Following the abandonment of the fixed exchange rate in 2002, the Argentine peso significantly depreciated against the U.S. dollar, reaching a peak of four pesos per dollar.

Related Concepts:

  • What measures did the Central Bank of Argentina take to manage the peso's value after 2002?: To manage the peso's value and prevent excessive depreciation, the Central Bank intervened by issuing pesos and purchasing U.S. dollars. This action aimed to support export competitiveness and domestic industries.

The legend 'Convertibles de curso legal' was removed from banknotes after 2002 to signify the end of the fixed exchange rate policy.

Answer: True

The removal of the legend 'Convertibles de curso legal' from banknotes after 2002 marked the official end of the fixed exchange rate policy and the peso's convertibility to the U.S. dollar.

Related Concepts:

  • Which peso banknotes have been withdrawn from circulation and replaced by coins?: The 2-peso banknotes were withdrawn from circulation on April 30, 2018, and the 5-peso banknotes were withdrawn on February 29, 2020. Both were replaced by coins of the same denominations as part of currency updates.
  • Which peso banknotes have been withdrawn from circulation and replaced by coins?: The 2-peso banknotes were withdrawn from circulation on April 30, 2018, and the 5-peso banknotes were withdrawn on February 29, 2020. Both were replaced by coins of the same denominations as part of currency updates.
  • How did the Argentine peso's value change after the abandonment of the fixed exchange rate in 2002?: After the fixed exchange rate was abandoned in January 2002, the peso experienced a substantial devaluation, reaching a peak of four pesos to one U.S. dollar. This represented a 75% drop in value but also led to an export boom.

What was the official exchange rate established by the Convertibility plan in 1992?

Answer: 1 Peso = 1 U.S. Dollar

The Convertibility plan of 1992 pegged the Argentine peso to the U.S. dollar at a fixed rate of 1 peso per 1 U.S. dollar.

Related Concepts:

  • When was the fixed exchange rate of 1 peso to 1 U.S. dollar abandoned?: The fixed exchange rate system, established by the Convertibility plan, was abandoned in January 2002, following the financial crisis of 2001. This led to a significant devaluation of the peso.
  • What was the purpose of the Central Bank's intervention in the currency market to keep the dollar price from dropping?: The Central Bank intervened in the currency market by purchasing U.S. dollars to prevent excessive appreciation of the peso, which could negatively impact export competitiveness. This management of the exchange rate aimed to foster a balance favorable to exports and domestic production.

In what year was the fixed exchange rate system (Convertibility plan) abandoned?

Answer: 2002

The fixed exchange rate system established by the Convertibility plan was abandoned in January 2002, following a severe economic crisis.

Related Concepts:

  • How did the Argentine peso's value change after the abandonment of the fixed exchange rate in 2002?: After the fixed exchange rate was abandoned in January 2002, the peso experienced a substantial devaluation, reaching a peak of four pesos to one U.S. dollar. This represented a 75% drop in value but also led to an export boom.
  • When was the fixed exchange rate of 1 peso to 1 U.S. dollar abandoned?: The fixed exchange rate system, established by the Convertibility plan, was abandoned in January 2002, following the financial crisis of 2001. This led to a significant devaluation of the peso.
  • What are the main themes represented on the "Native Fauna of Argentina" banknote series?: The "Native Fauna of Argentina" series, introduced in 2016, highlights Argentina's diverse wildlife. Each banknote features a native animal on the obverse and its natural habitat on the reverse, celebrating the country's biodiversity.

What was a consequence of the Argentine peso's devaluation after the fixed exchange rate was abandoned in 2002?

Answer: An export boom

The devaluation of the peso following the abandonment of the fixed exchange rate in 2002 led to a significant increase in exports, commonly referred to as an export boom.

Related Concepts:

  • What measures did the Central Bank of Argentina take to manage the peso's value after 2002?: To manage the peso's value and prevent excessive depreciation, the Central Bank intervened by issuing pesos and purchasing U.S. dollars. This action aimed to support export competitiveness and domestic industries.

What does the phrase 'Convertibles de curso legal' on early peso banknotes signify?

Answer: The banknotes were fixed to the U.S. dollar and backed by reserves.

The phrase 'Convertibles de curso legal' on early peso banknotes indicated that they were legally convertible and fixed to the U.S. dollar, backed by equivalent reserves held by the Central Bank.

Related Concepts:

  • What is the significance of the 100-peso banknote featuring Eva Perón?: The 100-peso banknote featuring Eva Perón is notable because its design was based on a banknote planned after her death in 1952 but never issued due to a coup. It was eventually released in 2012, symbolizing her enduring legacy and cultural importance in Argentina.
  • Which peso banknotes have been withdrawn from circulation and replaced by coins?: The 2-peso banknotes were withdrawn from circulation on April 30, 2018, and the 5-peso banknotes were withdrawn on February 29, 2020. Both were replaced by coins of the same denominations as part of currency updates.

What was the primary goal of the Convertibility plan introduced in 1992?

Answer: To combat severe inflation by pegging the peso to the U.S. dollar.

The primary objective of the Convertibility plan, implemented in 1992, was to combat severe inflation by pegging the Argentine peso to the U.S. dollar at a fixed rate.

Related Concepts:

  • What is the significance of the 2-peso coin issued in 1999?: The 2-peso coin issued in 1999 was minted to honor the centenary of writer Jorge Luis Borges. Its reverse side features a labyrinth and the Hebrew letter aleph, reflecting Borges's literary themes.

Contemporary Exchange Rate Dynamics

The Central Bank of Argentina intervened after 2002 by issuing pesos and buying U.S. dollars to manage the peso's value.

Answer: True

To manage the peso's value and prevent excessive depreciation, the Central Bank intervened by issuing pesos and purchasing U.S. dollars. This action aimed to support export competitiveness and domestic industries.

Related Concepts:

  • What is the "blue dollar" in the context of Argentine exchange rates?: The "blue dollar" is the colloquial term for the unregulated or parallel exchange rate that emerged in Argentina due to exchange control measures. It represents a market rate accessed by individuals and companies outside the official channels.
  • What are the main themes represented on the "Native Fauna of Argentina" banknote series?: The "Native Fauna of Argentina" series, introduced in 2016, highlights Argentina's diverse wildlife. Each banknote features a native animal on the obverse and its natural habitat on the reverse, celebrating the country's biodiversity.
  • What are the main themes represented on the "Native Fauna of Argentina" banknote series?: The "Native Fauna of Argentina" series, introduced in 2016, highlights Argentina's diverse wildlife. Each banknote features a native animal on the obverse and its corresponding natural habitat on the reverse, celebrating the country's biodiversity.

The 'blue dollar' refers to the official exchange rate set by the Argentine government.

Answer: False

The 'blue dollar' is the colloquial term for the unregulated, parallel exchange rate in Argentina, distinct from the official government-set rate.

Related Concepts:

  • What was the official exchange rate for the Argentine peso in August 2023, and what was the parallel rate?: On August 14, 2023, the official exchange rate was set at 350 pesos to the U.S. dollar. At the same time, the unregulated or "blue" rate valued the peso at approximately 665 pesos per U.S. dollar.
  • What denominations of coins were introduced with the Argentine peso in 1992?: Upon the introduction of the peso in 1992, coins were issued in denominations of 1, 5, 10, 25, and 50 centavos. A 1 peso coin was introduced in 1994, and a 2 peso coin followed in 2010.
  • What does the text mean by "monetary anarchism" in Argentina's currency history before 1881?: The term "monetary anarchism" refers to the period in Argentina before 1881 when there was a lack of a stable and unified monetary system. This era was characterized by various currencies and denominations circulating without clear regulation, leading to monetary instability.

In August 2023, the parallel 'blue' exchange rate for the Argentine peso was significantly lower (more pesos per dollar) than the official rate.

Answer: True

In August 2023, the parallel 'blue' rate represented more pesos per U.S. dollar compared to the official rate, indicating a lower market value for the peso.

Related Concepts:

  • What was the official exchange rate for the Argentine peso in August 2023, and what was the parallel rate?: On August 14, 2023, the official exchange rate was set at 350 pesos to the U.S. dollar. At the same time, the unregulated or "blue" rate valued the peso at approximately 665 pesos per U.S. dollar.

A significant devaluation occurred in December 2023, setting the official exchange rate at 800 pesos to the U.S. dollar.

Answer: True

In December 2023, a substantial devaluation was implemented, adjusting the official exchange rate to approximately 800 pesos per U.S. dollar.

Related Concepts:

  • What was the initial monthly devaluation target for the peso after December 2023?: Following the December 2023 devaluation, the initial monthly devaluation target for the peso was set at 2%. This target was subsequently adjusted.
  • What is the currency band established in April 2025 as part of an IMF agreement?: From April 14, 2025, Argentina's peso has been operating within a currency band of 1000 to 1400 pesos per U.S. dollar. This measure is part of an agreement with the International Monetary Fund (IMF).
  • What significant devaluation of the peso occurred in December 2023?: On December 12, 2023, following the election of Javier Milei, Economy Minister Luis Caputo implemented a devaluation of the official exchange rate, setting it at 800 pesos to the U.S. dollar, a 54% decrease from the previous rate of 366.5.

Argentina's peso began operating within a currency band of 1000 to 1400 pesos per U.S. dollar starting in April 2025.

Answer: True

As part of economic policy adjustments, Argentina's peso commenced operation within a currency band of 1000 to 1400 pesos per U.S. dollar in April 2025.

Related Concepts:

  • What denominations of coins were introduced with the Argentine peso in 1992?: Upon the introduction of the peso in 1992, coins were issued in denominations of 1, 5, 10, 25, and 50 centavos. A 1 peso coin was introduced in 1994, and a 2 peso coin followed in 2010.
  • What is the ISO 4217 code for the Argentine peso, and what symbol is used?: The ISO 4217 code for the Argentine peso is ARS. Within Argentina, it is identified by the symbol $, similar to how dollar or other peso currencies are denoted. The symbol Arg$ is sometimes used for clarity.

The 'foreign tourist dollar' rate aimed to provide tourists with a less favorable exchange rate to discourage spending.

Answer: False

The 'foreign tourist dollar' rate was implemented to offer tourists a more favorable exchange rate, thereby encouraging spending and boosting tourism.

Related Concepts:

  • What historical event is commemorated on the 50-centavo coin issued in 1997?: The 50-centavo coin issued in 1997 commemorates the 50th anniversary of Eva Perón's death and the achievement of women's suffrage in Argentina.

What is the 'blue dollar'?

Answer: The colloquial term for the unregulated, parallel exchange rate.

The 'blue dollar' is the informal name given to the parallel, unregulated exchange rate market that operates alongside the official exchange rate in Argentina.

Related Concepts:

  • What was the official exchange rate for the Argentine peso in August 2023, and what was the parallel rate?: On August 14, 2023, the official exchange rate was set at 350 pesos to the U.S. dollar. At the same time, the unregulated or "blue" rate valued the peso at approximately 665 pesos per U.S. dollar.

What was the purpose of the 'foreign tourist dollar' rate?

Answer: To offer tourists a better exchange rate for card transactions and boost tourism.

The 'foreign tourist dollar' rate was designed to provide tourists with a more advantageous exchange rate for card transactions, thereby stimulating tourism and encouraging spending within the country.

Related Concepts:

  • What historical event is commemorated on the 50-centavo coin issued in 1997?: The 50-centavo coin issued in 1997 commemorates the 50th anniversary of Eva Perón's death and the achievement of women's suffrage in Argentina.

What action did the Central Bank take to manage the peso's value after 2002, according to the source?

Answer: Issued pesos and bought U.S. dollars.

After 2002, the Central Bank intervened in the market by issuing pesos and purchasing U.S. dollars to manage the peso's exchange rate.

Related Concepts:

  • What is the "blue dollar" in the context of Argentine exchange rates?: The "blue dollar" is the colloquial term for the unregulated or parallel exchange rate that emerged in Argentina due to exchange control measures. It represents a market rate accessed by individuals and companies outside the official channels.
  • What denominations of banknotes were planned but not issued in the "Heroines and heroes of our history" series?: While the "Heroines and heroes of our history" series was announced in 2022 with plans for 100, 200, 500, and 1,000 peso notes, some designs, like the one originally intended for a 500-peso note, were repurposed for higher denominations like the 10,000-peso note announced later, indicating flexibility in currency planning.
  • What denominations of banknotes were planned but not issued in the "Heroines and heroes of our history" series?: While the "Heroines and heroes of our history" series was announced in 2022 with plans for 100, 200, 500, and 1,000 peso notes, some designs, like the one originally intended for a 500-peso note, were repurposed for higher denominations like the 10,000-peso note announced later, indicating flexibility in currency planning.

On August 14, 2023, what was the approximate value of the 'blue dollar' compared to the official exchange rate?

Answer: The blue dollar was nearly double the official rate, around 665 pesos per USD.

On August 14, 2023, the 'blue dollar' rate was approximately 665 pesos per U.S. dollar, nearly double the official rate of around 350 pesos per U.S. dollar.

Related Concepts:

  • When was the fixed exchange rate of 1 peso to 1 U.S. dollar abandoned?: The fixed exchange rate system, established by the Convertibility plan, was abandoned in January 2002, following the financial crisis of 2001. This led to a significant devaluation of the peso.
  • What are the main themes represented on the "Native Fauna of Argentina" banknote series?: The "Native Fauna of Argentina" series, introduced in 2016, highlights Argentina's diverse wildlife. Each banknote features a native animal on the obverse and its natural habitat on the reverse, celebrating the country's biodiversity.
  • What are the main themes represented on the "Native Fauna of Argentina" banknote series?: The "Native Fauna of Argentina" series, introduced in 2016, highlights Argentina's diverse wildlife. Each banknote features a native animal on the obverse and its corresponding natural habitat on the reverse, celebrating the country's biodiversity.

Argentine Currency Design and Symbolism

The ISO 4217 code for the Argentine peso is ARS, and it is commonly identified by the symbol '$'.

Answer: True

The ISO 4217 code for the Argentine peso is indeed ARS, and the symbol '$' is commonly used for its identification within Argentina.

Related Concepts:

  • What is the ISO 4217 code for the Argentine peso, and what symbol is used?: The ISO 4217 code for the Argentine peso is ARS. Within Argentina, it is identified by the symbol $, similar to how dollar or other peso currencies are denoted. The symbol Arg$ is sometimes used for clarity.

The first series of circulating coins issued with the Argentine peso in 1992 included denominations up to 1 peso.

Answer: False

The initial series of coins issued in 1992 included denominations of 1, 5, 10, 25, and 50 centavos. The 1 peso coin was introduced later, in 1994.

Related Concepts:

  • What is the ISO 4217 code for the Argentine peso, and what symbol is used?: The ISO 4217 code for the Argentine peso is ARS. Within Argentina, it is identified by the symbol $, similar to how dollar or other peso currencies are denoted. The symbol Arg$ is sometimes used for clarity.
  • What was the significance of the "Convertibility plan" introduced in 1992?: The Convertibility plan, introduced in 1992, established the new peso (later known as the peso convertible) at a fixed exchange rate of 1 peso to 1 U.S. dollar. This policy aimed to combat severe inflation by pegging the peso's value to the U.S. dollar and requiring the Central Bank to hold equivalent foreign currency reserves.
  • What images are featured on the second series of circulating coins issued from 2017?: The second series of circulating coins, issued from 2017, features native flora on the obverse, such as the Jacaranda and Ceiba speciosa, and the national flower, the Ceibo (Erythrina crista-galli), on the reverse. Denominations include 1, 2, 5, and 10 pesos.

The second series of circulating coins, issued from 2017, features native flora on the obverse.

Answer: True

The second series of circulating coins, introduced in 2017, indeed features native flora on the obverse side.

Related Concepts:

  • What historical event is commemorated on the 2-peso coin issued in 2007?: The 2-peso coin issued in 2007 commemorates the 25th anniversary of the Malvinas War, depicting an Argentine soldier on the reverse.

The 2-peso coin issued in 2007 commemorates the 50th anniversary of the Malvinas War.

Answer: False

The 2-peso coin issued in 2007 commemorates the 25th anniversary of the Malvinas War, not the 50th.

Related Concepts:

  • What historical figures are depicted on the first series of peso convertible banknotes issued in 1992?: The first series of peso convertible banknotes featured prominent Argentine historical figures: Bartolomé Mitre ($2), José de San Martín ($5), Manuel Belgrano ($10), Juan Manuel de Rosas ($20), Domingo Faustino Sarmiento ($50), and Julio Argentino Roca ($100).

The first series of peso convertible banknotes issued in 1992 featured historical figures like San Martín and Belgrano.

Answer: True

The initial series of peso convertible banknotes, introduced in 1992, prominently featured historical figures such as José de San Martín and Manuel Belgrano.

Related Concepts:

  • What is the theme of the fourth series of Argentine banknotes, introduced in 2016?: The fourth series of Argentine banknotes, introduced in 2016, is themed "Native Fauna of Argentina." Each denomination showcases a different native animal on the obverse and its corresponding habitat on the reverse.
  • What was the purpose of removing the legend "Convertibles de curso legal" from banknotes after 2002?: The removal of the legend "Convertibles de curso legal" (convertible legal tender) from banknotes after 2002, as mandated by Law 25.561, signified the end of the fixed exchange rate policy and the peso's convertibility to the U.S. dollar, reflecting a shift in monetary policy.
  • What was the purpose of removing the legend "Convertibles de curso legal" from banknotes after 2002?: The removal of the legend "Convertibles de curso legal" (convertible legal tender) from banknotes after 2002, as mandated by Law 25.561, signified the end of the fixed exchange rate policy and the peso's convertibility to the U.S. dollar, reflecting a shift in monetary policy.

The fourth series of Argentine banknotes, introduced in 2016, is themed 'Native Fauna of Argentina'.

Answer: True

Introduced in 2016, the fourth series of Argentine banknotes is indeed themed 'Native Fauna of Argentina', showcasing the country's diverse wildlife.

Related Concepts:

  • Which animals and habitats are depicted on the "Native Fauna of Argentina" banknote series?: The series includes a Guanaco in the Patagonian Desert ($20), an Andean condor near Aconcagua ($50), a Taruca in the Sierra de Famatina ($100), a Southern right whale at Valdes Peninsula ($200), a Jaguar in the Yungas ($500), and a Hornero on the Pampas ($1,000).
  • What does the phrase "Tenemos Patria" signify in the context of the 2013 banknote series?: "Tenemos Patria," meaning "We have a country," is the title of the third banknote series introduced in 2013. This theme emphasizes national pride and features titles that identify the historical figures and events depicted on the notes, such as San Martín's dream or Belgrano's raising of the flag.
  • What does the phrase "Tenemos Patria" signify in the context of the 2013 banknote series?: "Tenemos Patria," meaning "We have a country," is the title of the third banknote series introduced in 2013. This theme emphasizes national pride and features titles that identify the historical figures and events depicted on the notes, such as San Martín's dream or Belgrano's raising of the flag.

The 'Native Fauna' banknote series includes a Jaguar depicted in the Andes mountains.

Answer: False

The Jaguar depicted on the 'Native Fauna' banknote series is shown in the Yungas region, not the Andes mountains.

Related Concepts:

  • What does the phrase "Tenemos Patria" signify in the context of the 2013 banknote series?: "Tenemos Patria," meaning "We have a country," is the title of the third banknote series introduced in 2013. This theme emphasizes national pride and features titles that identify the historical figures and events depicted on the notes, such as San Martín's dream or Belgrano's raising of the flag.
  • What does the phrase "Tenemos Patria" signify in the context of the 2013 banknote series?: "Tenemos Patria," meaning "We have a country," is the title of the third banknote series introduced in 2013. This theme emphasizes national pride and features titles that identify the historical figures and events depicted on the notes, such as San Martín's dream or Belgrano's raising of the flag.
  • Which animals and habitats are depicted on the "Native Fauna of Argentina" banknote series?: The series includes a Guanaco in the Patagonian Desert ($20), an Andean condor near Aconcagua ($50), a Taruca in the Sierra de Famatina ($100), a Southern right whale at Valdes Peninsula ($200), a Jaguar in the Yungas ($500), and a Hornero on the Pampas ($1,000).

The fifth series of Argentine banknotes, announced in 2022, focuses on the theme 'Heroines and heroes of our history'.

Answer: True

Announced in 2022, the fifth series of Argentine banknotes centers on the theme 'Heroines and heroes of our history'.

Related Concepts:

  • What figures are depicted on the 2,000-peso note issued in May 2023?: The 2,000-peso note, issued in May 2023, features pioneering doctors Cecilia Grierson and Ramón Carrillo, along with the Malbrán Institute, celebrating advancements in microbiology and healthcare.
  • What does the Central Bank of Argentina do regarding currency issuance and reserves?: The Central Bank of Argentina is responsible for issuing the national currency, the peso, and managing its circulation. It also holds the country's foreign currency reserves and intervenes in the foreign exchange market to influence the peso's value, playing a crucial role in economic stability.
  • What was the purpose of removing the legend "Convertibles de curso legal" from banknotes after 2002?: The removal of the legend "Convertibles de curso legal" (convertible legal tender) from banknotes after 2002, as mandated by Law 25.561, signified the end of the fixed exchange rate policy and the peso's convertibility to the U.S. dollar, reflecting a shift in monetary policy.

The 2,000-peso note issued in May 2023 features the Malbrán Institute and pioneering doctors.

Answer: True

The 2,000-peso note, issued in May 2023, commemorates advancements in microbiology and healthcare, featuring the Malbrán Institute and pioneering medical figures.

Related Concepts:

  • What new, higher denominations of banknotes were announced for issuance by June 2024?: The Central Bank of Argentina announced plans to issue 10,000-peso and 20,000-peso notes by June 2024. The design originally intended for a 5,000-peso note was adapted for the 10,000-peso denomination.

Argentina planned to issue 10,000-peso and 20,000-peso notes by June 2024.

Answer: True

By June 2024, Argentina had announced plans to issue 10,000-peso and 20,000-peso notes.

Related Concepts:

  • What were the most commonly used banknotes in Argentina in early 2024 due to high inflation?: In early 2024, due to extremely high inflation, the most frequently used banknotes were those of 1,000, 2,000, and 10,000 pesos. Lower denominations like 10, 20, and 50 pesos were rarely seen in circulation.
  • What denominations of coins were introduced with the Argentine peso in 1992?: Upon the introduction of the peso in 1992, coins were issued in denominations of 1, 5, 10, 25, and 50 centavos. A 1 peso coin was introduced in 1994, and a 2 peso coin followed in 2010.

In early 2024, the 10, 20, and 50 peso denominations were the most frequently used banknotes due to high inflation.

Answer: False

Due to high inflation in early 2024, the most frequently used banknotes were the higher denominations, such as 1,000, 2,000, and 10,000 pesos, not the smaller ones like 10, 20, and 50.

Related Concepts:

  • What were the "soybean dollar" and "corn dollar" exchange rates?: The "soybean dollar" was a special exchange rate introduced to incentivize the export of soybeans. While similar measures may have existed for other commodities, the 'soybean dollar' specifically targeted soybean exports to bolster the Central Bank's foreign currency reserves.
  • What were the most commonly used banknotes in Argentina in early 2024 due to high inflation?: In early 2024, due to extremely high inflation, the most frequently used banknotes were those of 1,000, 2,000, and 10,000 pesos. Lower denominations like 10, 20, and 50 pesos were rarely seen in circulation.

The 50-centavo coin issued in 1997 commemorates the 25th anniversary of women's suffrage in Argentina.

Answer: False

The 50-centavo coin issued in 1997 commemorates the 50th anniversary of Eva Perón's death and the achievement of women's suffrage in Argentina, not the 25th anniversary.

Related Concepts:

  • What historical event is commemorated on the 1-peso coin issued in 1998?: The 1-peso coin issued in 1998 commemorates the establishment of Mercosur, the Southern Common Market, a significant regional economic integration initiative.

The 2-peso banknote was withdrawn from circulation and replaced by a coin in 2020.

Answer: False

The 2-peso banknote was withdrawn from circulation in 2018, while the 5-peso banknote was withdrawn in 2020 and replaced by a coin.

Related Concepts:

  • What was the peso oro sellado, and when was it established?: The peso oro sellado (stamped gold peso) was established as Argentina's monetary unit by Law no. 1130 in 1881. It was defined by a specific weight and fineness of gold, intended to serve as a stable, gold-backed standard for the currency until its convertibility was ultimately abandoned in 1929.

Which of the following figures was NOT featured on the first series of peso convertible banknotes issued in 1992?

Answer: Eva Perón

Eva Perón was not featured on the first series of peso convertible banknotes issued in 1992. Historical figures like San Martín and Belgrano were included in that series.

Related Concepts:

  • What is the theme of the fourth series of Argentine banknotes, introduced in 2016?: The fourth series of Argentine banknotes, introduced in 2016, is themed "Native Fauna of Argentina." Each denomination showcases a different native animal on the obverse and its corresponding habitat on the reverse.
  • What was the purpose of removing the legend "Convertibles de curso legal" from banknotes after 2002?: The removal of the legend "Convertibles de curso legal" (convertible legal tender) from banknotes after 2002, as mandated by Law 25.561, signified the end of the fixed exchange rate policy and the peso's convertibility to the U.S. dollar, reflecting a shift in monetary policy.
  • What was the purpose of removing the legend "Convertibles de curso legal" from banknotes after 2002?: The removal of the legend "Convertibles de curso legal" (convertible legal tender) from banknotes after 2002, as mandated by Law 25.561, signified the end of the fixed exchange rate policy and the peso's convertibility to the U.S. dollar, reflecting a shift in monetary policy.

What is the theme of the fourth series of Argentine banknotes introduced in 2016?

Answer: Native Fauna of Argentina

The fourth series of Argentine banknotes, introduced in 2016, is themed 'Native Fauna of Argentina', celebrating the country's wildlife.

Related Concepts:

  • Which animals and habitats are depicted on the "Native Fauna of Argentina" banknote series?: The series includes a Guanaco in the Patagonian Desert ($20), an Andean condor near Aconcagua ($50), a Taruca in the Sierra de Famatina ($100), a Southern right whale at Valdes Peninsula ($200), a Jaguar in the Yungas ($500), and a Hornero on the Pampas ($1,000).
  • What does the phrase "Tenemos Patria" signify in the context of the 2013 banknote series?: "Tenemos Patria," meaning "We have a country," is the title of the third banknote series introduced in 2013. This theme emphasizes national pride and features titles that identify the historical figures and events depicted on the notes, such as San Martín's dream or Belgrano's raising of the flag.
  • What does the phrase "Tenemos Patria" signify in the context of the 2013 banknote series?: "Tenemos Patria," meaning "We have a country," is the title of the third banknote series introduced in 2013. This theme emphasizes national pride and features titles that identify the historical figures and events depicted on the notes, such as San Martín's dream or Belgrano's raising of the flag.

Which animal is featured on the 50-peso note of the 'Native Fauna of Argentina' series?

Answer: Andean Condor

The 50-peso note within the 'Native Fauna of Argentina' series features the Andean Condor.

Related Concepts:

  • What does the phrase "Tenemos Patria" signify in the context of the 2013 banknote series?: "Tenemos Patria," meaning "We have a country," is the title of the third banknote series introduced in 2013. This theme emphasizes national pride and features titles that identify the historical figures and events depicted on the notes, such as San Martín's dream or Belgrano's raising of the flag.
  • What does the phrase "Tenemos Patria" signify in the context of the 2013 banknote series?: "Tenemos Patria," meaning "We have a country," is the title of the third banknote series introduced in 2013. This theme emphasizes national pride and features titles that identify the historical figures and events depicted on the notes, such as San Martín's dream or Belgrano's raising of the flag.
  • Which animals and habitats are depicted on the "Native Fauna of Argentina" banknote series?: The series includes a Guanaco in the Patagonian Desert ($20), an Andean condor near Aconcagua ($50), a Taruca in the Sierra de Famatina ($100), a Southern right whale at Valdes Peninsula ($200), a Jaguar in the Yungas ($500), and a Hornero on the Pampas ($1,000).

What does the phrase 'Tenemos Patria' signify in the context of the 2013 banknote series?

Answer: National Pride and Identity

'Tenemos Patria,' meaning 'We have a country,' signifies national pride and identity within the context of the 2013 banknote series.

Related Concepts:

  • What specific security feature was added to the 100-peso banknotes featuring Eva Perón in 2016?: In 2016, the 100-peso banknotes featuring Eva Perón were updated with a new security feature on their sides, specifically designed to assist individuals with visual impairments.
  • What specific security feature was added to the 100-peso banknotes featuring Eva Perón in 2016?: In 2016, the 100-peso banknotes featuring Eva Perón were updated with a new security feature on their sides, specifically designed to assist individuals with visual impairments.
  • What does the Central Bank of Argentina do regarding currency issuance and reserves?: The Central Bank of Argentina is responsible for issuing the national currency, the peso, and managing its circulation. It also holds the country's foreign currency reserves and intervenes in the foreign exchange market to influence the peso's value, playing a crucial role in economic stability.

The 2,000-peso note issued in May 2023 commemorates advancements in which field?

Answer: Microbiology and Healthcare

The 2,000-peso note issued in May 2023 celebrates advancements in microbiology and healthcare, featuring related institutions and figures.

Related Concepts:

  • What new, higher denominations of banknotes were announced for issuance by June 2024?: The Central Bank of Argentina announced plans to issue 10,000-peso and 20,000-peso notes by June 2024. The design originally intended for a 5,000-peso note was adapted for the 10,000-peso denomination.

Which peso banknotes were withdrawn from circulation and replaced by coins in February 2020?

Answer: 5-peso banknotes

The 5-peso banknotes were withdrawn from circulation in February 2020 and subsequently replaced by coins of the same denomination.

Related Concepts:

  • What was the peso oro sellado, and when was it established?: The peso oro sellado (stamped gold peso) was established as Argentina's monetary unit by Law no. 1130 in 1881. It was defined by a specific weight and fineness of gold, intended to serve as a stable, gold-backed standard for the currency until its convertibility was ultimately abandoned in 1929.

What images are featured on the reverse side of the second series of circulating coins issued from 2017?

Answer: The national flower, the Ceibo

The reverse side of the second series of circulating coins, issued from 2017, features the national flower of Argentina, the Ceibo.

Related Concepts:

  • What historical event is commemorated on the 2-peso coin issued in 2007?: The 2-peso coin issued in 2007 commemorates the 25th anniversary of the Malvinas War, depicting an Argentine soldier on the reverse.

Which historical event is commemorated on the 1-peso coin issued in 1998?

Answer: The establishment of Mercosur

The 1-peso coin issued in 1998 commemorates the establishment of Mercosur, the Southern Common Market.

Related Concepts:

  • What historical event is commemorated on the 2-peso coin issued in 2007?: The 2-peso coin issued in 2007 commemorates the 25th anniversary of the Malvinas War, depicting an Argentine soldier on the reverse.

The 100-peso banknote featuring Eva Perón, released in 2012, had a design based on:

Answer: A banknote planned after her death but never issued.

The design for the 100-peso banknote featuring Eva Perón, released in 2012, was based on a banknote that had been planned after her death but was never issued at that time.

Related Concepts:

  • What is the currency band established in April 2025 as part of an IMF agreement?: From April 14, 2025, Argentina's peso has been operating within a currency band of 1000 to 1400 pesos per U.S. dollar. This measure is part of an agreement with the International Monetary Fund (IMF).
  • What was the initial monthly devaluation target for the peso after December 2023?: Following the December 2023 devaluation, the initial monthly devaluation target for the peso was set at 2%. This target was subsequently adjusted.

Economic Policy Shifts and Challenges

The initial monthly devaluation target for the peso after December 2023 was set at 5%.

Answer: False

Following the December 2023 devaluation, the initial monthly devaluation target for the peso was set at 2%, not 5%. This target was subsequently adjusted.

Related Concepts:

  • What is the currency band established in April 2025 as part of an IMF agreement?: From April 14, 2025, Argentina's peso has been operating within a currency band of 1000 to 1400 pesos per U.S. dollar. This measure is part of an agreement with the International Monetary Fund (IMF).
  • What was the initial monthly devaluation target for the peso after December 2023?: Following the December 2023 devaluation, the initial monthly devaluation target for the peso was set at 2%. This target was subsequently adjusted.

The 'soybean dollar' was a special exchange rate designed to encourage the export of corn.

Answer: False

The 'soybean dollar' was a special exchange rate specifically designed to incentivize the export of soybeans, not corn.

Related Concepts:

  • What was the purpose of the "foreign tourist dollar" rate?: The "foreign tourist dollar" rate was implemented to provide tourists with a more favorable exchange rate for transactions conducted via foreign payment cards. The objective was to stimulate tourism and discourage reliance on the unofficial "blue dollar" market.

What was the initial monthly devaluation target for the peso after the December 2023 devaluation, later adjusted to 1%?

Answer: 2%

The initial monthly devaluation target set after the December 2023 devaluation was 2%, which was later adjusted to 1%.

Related Concepts:

  • What was the significance of the "Convertibility plan" introduced in 1992?: The Convertibility plan, introduced in 1992, established the new peso (later known as the peso convertible) at a fixed exchange rate of 1 peso to 1 U.S. dollar. This policy aimed to combat severe inflation by pegging the peso's value to the U.S. dollar and requiring the Central Bank to hold equivalent foreign currency reserves.
  • What is the ISO 4217 code for the Argentine peso, and what symbol is used?: The ISO 4217 code for the Argentine peso is ARS. Within Argentina, it is identified by the symbol $, similar to how dollar or other peso currencies are denoted. The symbol Arg$ is sometimes used for clarity.
  • How did the peso moneda nacional (m$n) replace earlier currencies in 1881?: In 1881, the peso moneda nacional (m$n) was established, replacing earlier currencies such as the peso fuerte and peso moneda corriente. The conversion rate was 1 peso moneda nacional to 8 reales, 1 peso fuerte, or 25 peso moneda corriente, marking a significant step towards monetary unification and stability.

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