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The Argentine Peso is the currency of Argentina, denoted by a $ sign and can be subdivided into 100 centavos.
With a Gross Domestic Product of $600m, Argentina is one of the largest countries in Latin America. The new administration came into power in late 2015, which sparked significant economic change, including unification of the exchange rate.
Argentina has dropped 13 zero’s off its currency since 1970, a factor of 10 trillion. The financial crisis of 2001 forced them to abandon their fixed rate policy.
The name Argentina comes from the Latin word, “argentum”, meaning silver, as the original European settlers believed the land was rich with silver. The Latin dance and music began in Argentina’s vibrant capital, Buenos Aires.
The Argentine Peso is the official currency of Argentina. The ISO 4217 currency code for the Argentine Peso is ARS.