Argentine peso ley

The peso ley, 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. It was subdivided into 100 centavos. Its symbol was $L, sometimes $. Its name comes from law 18188 which established it, effective April 5, 1969. Its ISO 4217 code was ARL.

Argentine peso ley
peso ley argentino  (Spanish)
ISO 4217
CodeARL
Denominations
Subunit
 1/100centavo
Symbol$L
 centavo¢
Banknotes1, 5, 10, 50, 100, 500, 1000, 5000, 10 000, 50 000, 100 000, 500 000, 1 000 000 pesos
Coins1, 5, 10, 20 50 centavos, 1, 5, 10, 50, 100 pesos
Demographics
User(s)Argentina
Issuance
Central bankBanco Central de la República Argentina
 Websitewww.bcra.gov.ar
This infobox shows the latest status before this currency was rendered obsolete.

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.

The history of the various successive Argentine currencies called peso is detailed in the article on the Argentine peso.

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
Value Obverse Emission start date Withdrawn Composition Diameter
1 Liberty 1 Jan 1970 31 Oct 1979 Aluminium 16mm
5 18 May 1970 18mm
10 1 Jan 1970 Brass 17mm
20 18 May 1970 19mm
50 1 Jan 1970 21mm

Peso
Value Obverse Emission start date Withdrawn Composition Diameter
1 Sun 1 Oct 1974 2 Jan 1984 Aluminium-Brass 23mm
5 Sun 12 Apr 1976 24mm
Guillermo Brown 1977 24mm
10 Sun 12 Jul 1976 26mm
Guillermo Brown 1977 26mm
50 José de San Martín Bicentennial 1 Aug 1978 27mm
Conquest of the Desert centennial 1979 27mm
José de San Martín 1979 27mm
1980 Brass-Clad Steel 27mm
100 José de San Martín Bicentennial 1 Aug 1978 Aluminium-Bronze 28mm
Conquest of the Desert centennial 1979 28mm
José de San Martín 1979 28mm
1980 Brass-Clad Steel 28mm

Banknotes

Banknotes were issued in the following denominations:

Obverse Reverse Value Portrait Back Emission start date Withdrawn
1 Manuel Belgrano Nahuel Huapi Lake 30 Jan 1970 1 Apr 1981
5 National Flag Memorial in Rosario 24 Nov 1971
10 Iguazu Falls 1 Sep 1970
50 José de San Martín Termas de Reyes (Jujuy) 15 Mar 1972
100 Ushuaia 15 Feb 1971
500 Cerro de la Gloria (Mendoza) 30 Nov 1972 2 Apr 1984
1000 Plaza de Mayo (Buenos Aires) 27 Nov 1973
5000 Mar del Plata 12 Dec 1977
10,000 El Palmar National Park (Entre Ríos) 25 Oct 1976 19 Jul 1985
50,000 Argentine Central Bank 19 Feb 1979
100,000 National Mint House 1 Nov 1979
500,000 Buenos Aires foundation 28 Jul 1980
1,000,000 May Revolution 25 Nov 1981

References
  • Krause, Chester L.; Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501.
  • Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications. ISBN 0-87341-207-9.
  • Silveyra, Jorge; Lozano, Sergio; Díaz, Oscar (2001). Falsificación de moneda. Editorial Policial. ISBN 978-950-9071-66-7.
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