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Law no. 1130 of 1881 put an end to this; it established the monetary unit as the peso oro sellado ("stamped gold peso"), a coin of 1.612 g of gold of fineness 900 (90%), and the silver peso, 25 g of silver of fineness 900. [9] Gold coins of 5 and 2.5 pesos were to be used, silver coins of one peso and 50, 20, 10 and 5 centavos, and copper coins ...
In 1883, when silver coins ceased production, the paper peso was set at a value of 2.2 francs or 638.7 mg gold. After a suspension in the gold standard from 1914, in 1927, a peg to the U.S. dollar was established of 2.36 pesos = 1 dollar. The rate changed to 1.71 pesos = 1 dollar in 1931, then to 3 pesos = 1 dollar in 1933.
It circulated almost exclusively in the Buenos Aires Province, since in the interior of the country only metallic coins were used during that time, such as the old Bolivian silver peso, and also, to a lesser extent, coins from other countries.
Javier Milei has won Argentina’s presidential election on a ticket to overhaul South America’s number two economy and ditch its peso currency in favor of the US dollar.
The Casa de Moneda was established in 1875 as "Casa de Moneda de la Nación", [3] [4] through Law 733 which created the peso fuerte as currency, [5] and established the creation of two mints, one in Buenos Aires and another in Salta; [6] The first factory to produce coins would not be opened until 14 February 1881, when the first building located on México and Defensa streets started ...
A chainsaw-wielding, self-professed “anarcho-capitalist” is now one step closer to overhauling Argentina’s beleagured economy — by throwing out the nation’s peso currency and adopting ...
A coin expert told Rick and the seller that it's, "one of the rarest coins in American A 1922 High-Relief Proof Coin to be exact. A rare silver dollar is worth big bucks on 'Pawn Stars'
Since these coins were scarce, it was common to use silver coins from other countries (especially Bolivian soles). In 1854, coins were issued in the name of the "Argentine Confederation" in denominations of 1, 2 and 4 centavo coins. As notes above, this issue did not lead to full decimalization.
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