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LOCAL CURRENCY IN ARGENTINA

Want to know how much is your money worth in Argentina? The money used in Argentina is called Peso.

The Argentine Peso is issued and managed by the Central Bank of Argentina. To find out the current currency exchange rates for Peso to other major currencies of the world, click on foreign currency rates.

Argentine Currency Information
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The currency used in Argentina is called as the Peso. This currency is denoted with the currency sign $ and the ISO 4217 Code for the Argentine Peso is ARS. The Peso, is the official currency of the Argentina . It is divided into 100 smaller units called centavo.

The constitution of Argentina provides that the Argentina government shall have the power to print the Argentine Peso and centavo coins to be used as a legal tender in Argentina. The Argentine Peso bank notes and Centavo coins are both designated as "legal tender" in payment of debts.

The Argentine Peso bill uses the decimal system, consisting of 100 equal units.

The symbol $, usually written before the numerical amount, is used for the Argentine Peso.

Currently printed bank notes denominations are 2, 5, 10, 20, 50, 100 pesos and the coins are minted in the denominations of 5, 10, 25, 50 centavos, 1, 2 pesos .

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How Does Balance of Trade and Investment Affect the Value of the Argentine Peso
Financial analysts regularly cite the balance of trade and investment in Argentina as the most important influence on the value of the Peso. The difference between what the Argentina exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Peso exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Peso exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Argentine Peso.
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