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Argentine peso ley

Argentine peso ley

Overview
The peso ley 18.188, 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 centavo
Centavo
Centavo is a Spanish and Portuguese word, derived from the Latin centum, meaning "one hundred", and the suffix -avo, meaning "portion" or "fraction"...

s. Its symbol was $, sometimes $L. Its name comes from law 18188 which established it, effective April 5, 1969. Its ISO 4217
ISO 4217
ISO 4217 is a standard published by the International Standards Organization, which delineates currency designators, country codes , and references to minor units in three tables:* Table A.1 – Current currency & funds code list...

 code was ARL.
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Encyclopedia
The peso ley 18.188, 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 centavo
Centavo
Centavo is a Spanish and Portuguese word, derived from the Latin centum, meaning "one hundred", and the suffix -avo, meaning "portion" or "fraction"...

s. Its symbol was $, sometimes $L. Its name comes from law 18188 which established it, effective April 5, 1969. Its ISO 4217
ISO 4217
ISO 4217 is a standard published by the International Standards Organization, which delineates currency designators, country codes , and references to minor units in three tables:* Table A.1 – Current currency & funds code list...

 code was ARL.

History


The peso ley replaced the peso moneda nacional
Argentine peso moneda nacional
The peso moneda nacional was the currency of Argentina between November 5, 1881 and December 31, 1969. It was subdivided into 100 centavos, with the argentino worth 5 pesos. Its symbol was m$n or $m/n. Its ISO 4217 code was ARM.-History:...

 at a rate of 100 to 1. It was itself replaced by the peso argentino
Argentine peso argentino
The peso argentino was the currency of Argentina between June 6, 1983 and June 14, 1985. It was subdivided into 100 centavos. The symbol was $a. The ISO 4217 code was ARP.-History:...

 at a rate of 10,000 to 1.

The history of the various successive Argentine currencies called peso is detailed in the article on the Argentine peso
Argentine peso
The peso is the currency of Argentina, identified by the symbol $ preceding the amount in the same way as many countries using dollar currencies. It is subdivided into 100 centavos. Its ISO 4217 code is ARS...

.

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
José de San Martín
José Francisco de San Martín, known simply as Don José de San Martín , was an Argentine general and the prime leader of the southern part of South America's successful struggle for independence from Spain.Born in Yapeyú, Corrientes , he left his mother country at the...

 Bicentennial
1 Aug 1978 27mm
Conquest of the Desert
Conquest of the Desert
The Conquest of the Desert was a military campaign directed mainly by General Julio Argentino Roca in the 1870s, which established Argentine dominance over Patagonia, which was inhabited by indigenous peoples...

 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


Banknote
Banknote
A banknote is a kind of negotiable instrument, a promissory note made by a bank payable to the bearer on demand, used as money, and in many jurisdictions is legal tender. In addition to coins, banknotes make up the cash or bearer forms of all modern fiat money...

s were issued in the following denominations:
Obverse Reverse Value Portrait Back Emission start date Withdrawn
1 Manuel Belgrano
Manuel Belgrano
Manuel José Joaquín del Corazón de Jesús Belgrano , usually referred to as Manuel Belgrano, was an Argentine economist, lawyer, politician, and military leader. He took part in the Argentine Wars of Independence and created the Flag of Argentina...

Nahuel Huapi Lake
Nahuel Huapi Lake
Nahuel Huapi Lake is a lake in the lake region of northern Patagonia between the provinces of Río Negro and Neuquén, in Argentina. The lake depression consists of several glacial valleys carved out along faults and Miocene valleys that were later dammed by moraines.Nahuel Huapi lake, located...

30 Jan 1970 1 Apr 1981
5 National Flag Memorial
National Flag Memorial (Argentina)
The National Flag Memorial in Rosario, Argentina, is a monumental complex built near the shore of the Paraná River...

 in Rosario
Rosario
Rosario is the largest city in the province of Santa Fe, Argentina. It is located northwest of Buenos Aires, on the western shore of the Paraná River and has 1,159,004 residents as of the ....

24 Nov 1971
10 Iguazu Falls
Iguazu Falls
Iguazu Falls, Iguassu Falls, or Iguaçu Falls are waterfalls of the Iguazu River located on the border of the Brazilian State of Paraná and the Argentine Province of Misiones. The falls divide the river into the upper and lower Iguazu. The Iguazu River originates near the city of Curitiba. It flows...

1 Sep 1970
50 José de San Martín
José de San Martín
José Francisco de San Martín, known simply as Don José de San Martín , was an Argentine general and the prime leader of the southern part of South America's successful struggle for independence from Spain.Born in Yapeyú, Corrientes , he left his mother country at the...

Termas de Reyes (Jujuy) 15 Mar 1972
100 Ushuaia
Ushuaia
Ushuaia may refer to the following:*Ushuaia, a city in Argentina.**Ushuaia Department, an administrative division**Ushuaia River**Ushuaia International Airport**Colegio Nacional de Ushuaia, National School of Ushuaia....

15 Feb 1971
500 Cerro de la Gloria (Mendoza
Mendoza, Argentina
Mendoza is the capital city of Mendoza Province, in Argentina. It is located in the northern-central part of the province, in a region of foothills and high plains, on the eastern side of the Andes. As of the , Mendoza's population was 110,993...

)
30 Nov 1972 2 Apr 1984
1000 Plaza de Mayo
Plaza de Mayo
The Plaza de Mayo is the main square in downtown Buenos Aires, Argentina. It is flanked by Hipólito Yrigoyen, Balcarce, Rivadavia and Bolívar streets....

 (Buenos Aires
Buenos Aires
Buenos Aires is the capital and largest city of Argentina, and the second-largest metropolitan area in South America, after São Paulo. It is located on the western shore of the estuary of the Río de la Plata, on the southeastern coast of the South American continent...

)
27 Nov 1973
5000 Mar del Plata
Mar del Plata
Mar del Plata is an Argentine city located on the coast of the Atlantic Ocean, south of Buenos Aires. Mar del Plata is the second largest city of Buenos Aires Province. The name "Mar del Plata" had apparently the sense of "sea of the Río de la Plata region" or "adjoining sea to the Río de la Plata"...

12 Dec 1977
10,000 El Palmar National Park
El Palmar National Park
El Palmar National Park is one of Argentina's national parks, located on the center-west of the province of Entre Ríos, mid-way between the cities of Colón and Concordia...

 (Entre Ríos
Entre Ríos Province
Entre Ríos is a northeastern province of Argentina, located in the Mesopotamia region. It borders the provinces of Buenos Aires , Corrientes and Santa Fe , and Uruguay in the east....

)
25 Oct 1976 19 Jul 1985
50,000 Argentine Central Bank
Banco Central de la República Argentina
-Overview:Established by six Acts of Congress enacted on May 28, 1935, the bank replaced Argentina's Currency board, which had been in operation since 1890...

19 Feb 1979
100,000 National Mint House 1 Nov 1979
500,000 Buenos Aires foundation 28 Jul 1980
1,000,000 May Revolution
May Revolution
The May Revolution was a week-long series of events that took place from May 18 to 25, 1810, in Buenos Aires, capital of the Viceroyalty of the Río de la Plata, a Spanish colony that included roughly the territories of present-day Argentina, Bolivia, Paraguay and Uruguay...

25 Nov 1981