Argentine peso ley

peso ley argentino (Spanish)
ISO 4217
Code	ARY (ARL informally)[1]
Unit
Symbol	$L‎
Denominations
Subunit
1⁄100	centavo
Symbol
centavo	¢
Banknotes	1, 5, 10, 50, 100, 500, 1000, 5000, 10 000, 50 000, 100 000, 500 000, 1 000 000 pesos
Coins	1, 5, 10, 20 50 centavos, 1, 5, 10, 50, 100 pesos
Demographics
Date of introduction	January 1, 1970
Replaced	Argentine peso moneda nacional
Date of withdrawal	May 5, 1983
Replaced by	Argentine peso
User(s)	Argentina
Issuance
Central bank	Banco Central de la República Argentina
Website	www.bcra.gov.ar
This infobox shows the latest status before this currency was rendered obsolete.

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

Argentina inflation 1980-1993

The peso ley 18.188 (ARY; unofficially ARL; peso ley dieciocho mil ciento ochenta y ocho), 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.

The history of the various successive Argentine currencies called peso is detailed in the article on the Argentine peso.

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.

Banknotes

Banknotes were issued in the following denominations:

Obverse	Reverse	Value	Portrait	Back	Emission start date	Withdrawn
		1	Manuel Belgrano	Nahuel Huapi Lake	30 Jan 1970	1 Apr 1981
		5		National Flag Memorial in Rosario	24 Nov 1971
		10		Iguazu Falls	1 Sep 1970
		50	José de San Martín	Termas de Reyes (Jujuy)	15 Mar 1972
		100		Ushuaia	15 Feb 1971
		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

References

Wikimedia Commons has media related to Argentine peso ley.