Argentine peso moneda corriente


The peso moneda corriente was a non-convertible Argentine paper currency which circulated between 9 January 1826, and 4 November 1881. It was worth eight reales. Its symbol was $m/c. It was also known as the peso papel.
It was also known by the name of the peso papel as opposed to the Peso Fuerte and the gold or silver coins of previous issues. 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. “It was the role of the province of Buenos Aires –or current currency- that really imposed the monetary practices, evicting silver and gold from circulation.”

Overview

The peso moneda corriente was not the first paper money issued in Argentina as the Banco de Buenos Aires had already issued paper money in 1822, but it was convertible into cash. The inconvertibility decreed in January 1826 was due to the economic problems caused by the War in Brazil. There was an exception: the period from January 3, 1867, to May 17, 1876, in which it was convertible at the rate of $m/c 25 = $F 1 at the Exchange Office of the Banco de la Provincia de Buenos Aires. The return of inconvertibility was due to the exchange rate run caused by the crisis of the 70s. gold first and the strong peso later.
The peso moneda corriente was introduced at par with the peso fuerte but gradually depreciated relative to it 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 25 =, in the Oficina de Cambios 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 pesos moneda corriente = 1 peso moneda nacional.
During the period the peso moneda corriente was in use, currencies from other countries were also used.
The peso moneda corriente was replaced by the "Peso Oro Sellado" or gold weight at a rate of $m/c 25 = o$s 1 as of November 1881, at that time also equal to the Argentine peso moneda nacional. Article 13 of Law 1,130 -which established the gold weight- mandated that "Issuing Banks that exist in the Republic must, within two years of enactment of this Law, renew all their issuance in banknotes, to national currency".

Banknotes

Source:

Banco de Buenos Ayres issues

Denom.IssuedObverseImage
1 peso1827Simón Bolivar and George Washington150px
5 pesos1827Benjamin Franklin and William Penn150px
10 pesos1828Simón Bolivar and George Washington150px
20 pesos1827Simón Bolivar and George Washington150px
50 pesos1827Simón Bolivar and George Washington150px
100 pesos1827?150px
500 pesos1827?150px
1000 pesos1827?150px

Banco Nacional de la Provincias Unidas issues

Denom.IssuedObverseImage
1 peso1834Argentine coat of arms150px
5 pesos1838Female allegories150px
10 pesos1834Female allegories150px
20 pesos1834Female allegories150px
50 pesos1834Female allegories150px
100 pesos1834Female allegories150px
200 pesos1834Female allegories150px
500 pesos1834Argentine coat of arms150px

Casa de Moneda de Buenos Ayres issues

Banknotes issued during the government of Juan Manuel de Rosas. They included the legend "Viva la Federación".
Denom.IssuedObverseImage
1 peso1841Woman150px
5 pesos1841Ñandú150px
10 pesos1841Sheep150px
20 pesos1841Horse150px
50 pesos1841Cow150px
100 pesos1841Cabildo of Buenos Aires150px
200 pesos1841Port of Buenos Aires150px

Casa de Moneda de Buenos Ayres issues

A second series was issued during the government of Rosas. The legend ""Viva la Confederación Argentina... Mueran los Salvajes Unitarios" was introduced.
Denom.IssuedObverseImage
1 peso1844Argentine coat of arms150px
5 pesos1844Ñandú150px
10 pesos1844Sheep150px
20 pesos1844Horse150px
50 pesos1844Cow150px
50 pesos1848Cow150px
100 pesos1845Cabildo of Buenos Aires150px
100 pesos1848?150px
200 pesos1848Port of Buenos Aires150px
500 pesos1845?150px
500 pesos1849?150px
500 pesos1851Woman with children150px
1,000 pesos1847Liberty150px