Argentine peso ley
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.
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.
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 were issued in the following denominations:
This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Argentine peso ley