Argentina Money: The Do's & the Dont's
Argentina money is called the Argentine Peso, or simply the peso.
A Very Brief Histoy
The economy in Argentina has had varied success over the last century. During the beginning of the twentieth century, Argentina was one of the richest countries in the World and definitely the richest in the Southern Hemisphere. Towards the end of the twentieth century the peso was pegged to the US Dollar so the exchange rate was levelled at 1:1.
However, unfortunately for Argentina, a major recession hit the country in 1999, due to previous economical mistakes and within months the peso fell 4:1 on the US Dollar.
Argentina is currently thought of as an emerging economy by FTSE and is one of the G-20 major economies. So for the time being you may have a fair return on the US Dollar. (approx 4:1)(GBP - approx 6:1)
It is made up of pesos and centavos.....
- Five Centavos - 5/100 of a Peso
- Ten Centavos - 10/100 of a Peso
- Twenty-Five Centavos - 25/100 of a Peso
- Fifty Centavos - 50/100 of a Peso
- One Peso - 100/100, 1 full Peso
The notes in Argentina are made up of:
- Two Pesos - 200/100 of a Peso
- Five Pesos- 500/100 of a Peso
- Ten Pesos - 1000/100 of a Peso
- Fifty Pesos - 5000/100 of a Peso
- One Hundred Pesos - 10000/100 of a peso
Argentina Money Exchange
The Exchange rate is currently favourable for the US Dollar and the British Pound. Use the currency converter below to find what it is.
Unfortunately, fake money in Argentina is a huge problem. As you are a tourist you are often seen as an easy target so you have to be careful when accepting bank notes, especially when they are over $50 pesos.
- Argentina money has pictures and writing on it so check the notes when you are given one. Fakes are often badly printed so the pictures will be faded and the words have letters overlapped and faded
- Hold the note in the air or under a light and see if the watermark of the face is clear and precise. If not, it might be fake
- You will see a dashed line on real notes that runs from top to bottom of the note. This is of a different material and a fake will either not have it at all, or the attempt will be poor
- Hold the note into the air or under a light and angle it backwards and forwards. The currency value in the corner should change colour. If it doesnâ€™t - question it
- Feel the note and identify the indentations on the note, like around the hair of the person. If there are no indentations it is probably a fake