Search results
Results from the WOW.Com Content Network
The peso was a name often used for the silver Spanish eight-real coin. Following independence, Argentina began issuing its own coins, denominated in reales, soles and escudos, including silver eight-real (or sol) coins still known as pesos. These coins, together with those from neighbouring countries, circulated until 1881.
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.
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.
This coin was known to English colonists in North America as a piece of eight, then later on as a Spanish dollar, Spanish milled dollar, and finally as a Mexican dollar. In French, it was called a piastre and in Portuguese, a pataca or patacão. The Spanish names at various times and in various places were real de a ocho, patacón, duro, or fuerte.
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 ...
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!