Argentine peso moneda corriente
- Argentine peso moneda corriente
The peso moneda corriente was an inconvertible Argentine currency which circulated between 9 January, 1826, and 4 November, 1881. Its symbol was "$m/c". It was also known as the "peso papel" (paper money) because it was only issued as notes.
The peso moneda corriente was introduced at par with the peso fuerte ($F) but was devalued several times during its life. In the period from 3 January, 1867 to 17 May, 1876, the peso moneda corriente could be converted to gold, at the rate $m/c 25 = $F 1, in the "Oficina de Cambios" (exchange office) of the Banco de la Provincia de Buenos Aires. The office closed in 1876 because the people exchanged pesos for gold in large quantities. The peso moneda corriente was replaced by the peso moneda nacional at the rate of 25 peso moneda corriente = 1 peso moneda nacional.
During the period the peso moneda corriente was in use, currencies from other countries were also used (especially the Bolivian boliviano).
External links
*es icon [http://www.anav.org.ar/sites_personales/5/MONEDA.DOC Base de datos de Rodolfo Frank - El valor de la moneda] (MS-Word document)
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