Argentine peso ley

Infobox Currency
currency_name_in_local = peso ley argentino es icon
image_1 = Peso ley, 05.jpg
image_title_1 = |Manuel Belgrano and the Flag Memorial on the 5 peso note]
iso_code = ARL
using_countries = Argentina
inflation_rate =
inflation_source_date =
subunit_ratio_1 = 1/100
subunit_name_1 = centavo
symbol = $L
symbol_subunit_1 = ¢
used_coins = 1, 5, 10, 20 50 centavos, 1, 5, 10, 50, 100 pesos
used_banknotes = 1, 5, 10, 50, 100, 500, 1000, 5000, 10 000, 50 000, 100 000, 500 000, 1 000 000 pesos
issuing_authority = Banco Central de la República Argentina
issuing_authority_website = www.bcra.gov.ar
obsolete_notice = y

The peso ley 18.188 was the currency of Argentina between January 1, 1970 and May 5, 1983. It was subdivided into 100 centavos. Its symbol was "$". Its name comes from the law number 18188, effective April 5, 1969. Its ISO 4217 code was "ARL".

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.

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

References

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External links

Standard numismatics external links
world_coin_gallery_1_url = Argentina
world_coin_gallery_1_name = Argentina
banknote_world_1_url = argentina
banknote_world_1_name = Argentina
dollarization_1_url =
dollarization_1_name =
gfd_1_url = Argentina
gfd_1_name = Argentina
gfd_data_1_url = 5180
gfd_data_1_name = Argentina Peso
show_gfd_excel = Y