Argentine peso ley

File:USD to Argentina Currency Exchange Rates.webp

USD / Argentina Currency Exchange Rates *From January 1970 to May 1983: pesos ley 18188 *From June 1983 to May 1985: peso argentino *From June 1985 to December 1991: australes

File:Argentina inflation.webp

Argentina inflation 1980-1993

The peso ley 18.188 (ARY; unofficially ARL; ), usually known as either peso or, to distinguish it from the earlier peso moneda nacional, informally as peso ley, was the currency of Argentina between January 1, 1970, and May 5, 1983. It was subdivided into 100 centavos. Its symbol was $L, sometimes $. Its name comes from law 18188 which established it, effective April 5, 1969.

History

The peso ley replaced the peso moneda nacional at a rate of 100 to 1. It was itself replaced by the peso argentino at a rate of 10,000 to 1. It was later replaced by the Argentine peso on May 5th 1983.

Coins

In 1970 coins were introduced in denominations of 1, 5, 10, 20 and 50 centavos. As inflation eroded the currency's value, higher denominations were introduced: 1 peso in 1974, 5 and 10 pesos in 1976, and 50 and 100 pesos in 1978.

Centavo

Value	Obverse	Emission start date	Withdrawn	Composition	Diameter
1	Liberty	1 Jan 1970	31 Oct 1979	Aluminium	16mm
5		18 May 1970			18mm
10		1 Jan 1970		Brass	17mm
20		18 May 1970			19mm
50		1 Jan 1970			21mm

Peso

Value	Obverse	Emission start date	Withdrawn	Composition	Diameter
1	Sun	1 Oct 1974	2 Jan 1984	Aluminium-Brass	23mm
5	Sun	12 Apr 1976			24mm
	Guillermo Brown	1977			24mm
10	Sun	12 Jul 1976			26mm
	Guillermo Brown	1977			26mm
50	José de San Martín Bicentennial	1 Aug 1978			27mm
	Conquest of the Desert centennial	1979			27mm
	José de San Martín	1979			27mm
		1980		Brass-Clad Steel	27mm
100	José de San Martín Bicentennial	1 Aug 1978		Aluminium-Bronze	28mm
	Conquest of the Desert centennial	1979			28mm
	José de San Martín	1979			28mm
		1980		Brass-Clad Steel	28mm

Banknotes

Banknotes were issued in the following denominations:

Obverse	Reverse	Value	Portrait	Back	Emission start date	Withdrawn
File:ARG0287-Ao.jpg	File:Peso ley 1 peso b.jpg	1	Manuel Belgrano	Nahuel Huapi Lake	30 Jan 1970	1 Apr 1981
File:Peso ley 5 pesos a.jpg	File:Peso ley 5 pesos b.jpg	5		National Flag Memorial in Rosario	24 Nov 1971
File:Peso ley 10 pesos a.jpg	File:Peso ley 10 pesos b.jpg	10		Iguazu Falls	1 Sep 1970
File:Pesoley 50pesos a.jpg	File:Pesoley 50pesos b.jpg	50	José de San Martín	Termas de Reyes (Jujuy)	15 Mar 1972
File:Peso ley 100pesos arg.jpg	File:Peso ley 100pesos arg b.jpg	100		Ushuaia	15 Feb 1971
File:Peso ley 500pesos arg.jpg	File:Peso ley 500pesos arg b.jpg	500		Cerro de la Gloria (Mendoza)	30 Nov 1972	2 Apr 1984
		1000		Plaza de Mayo (Buenos Aires)	27 Nov 1973
		5000		Mar del Plata	12 Dec 1977
		10,000		El Palmar National Park (Entre Ríos)	25 Oct 1976	19 Jul 1985
		50,000		Argentine Central Bank	19 Feb 1979
		100,000		National Mint House	1 Nov 1979
		500,000		Buenos Aires foundation	28 Jul 1980
		1,000,000		May Revolution	25 Nov 1981

See also

• La Década Perdida (The Lost Decade)
• Latin American debt crisis