Argentine peso ley


The peso ley 18.188, 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.

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. It was later replaced by the Argentine peso on May 5th 1983.

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

Peso

Banknotes

s were issued in the following denominations:
ObverseReverseValuePortraitBackEmission start dateWithdrawn
1Manuel BelgranoNahuel Huapi Lake30 Jan 19701 Apr 1981
5Manuel BelgranoNational Flag Memorial in Rosario24 Nov 19711 Apr 1981
10Manuel BelgranoIguazu Falls1 Sep 19701 Apr 1981
50José de San MartínTermas de Reyes 15 Mar 19721 Apr 1981
100José de San MartínUshuaia15 Feb 19711 Apr 1981
500José de San MartínCerro de la Gloria 30 Nov 19722 Apr 1984
1000José de San MartínPlaza de Mayo 27 Nov 19732 Apr 1984
5000José de San MartínMar del Plata12 Dec 19772 Apr 1984
10,000José de San MartínEl Palmar National Park 25 Oct 197619 Jul 1985
50,000José de San MartínArgentine Central Bank19 Feb 197919 Jul 1985
100,000José de San MartínNational Mint House1 Nov 197919 Jul 1985
500,000José de San MartínBuenos Aires foundation28 Jul 198019 Jul 1985
1,000,000José de San MartínMay Revolution25 Nov 198119 Jul 1985