DEFINITION of 'ARP (Argentinian peso)'

ARP is the abbreviation, or currency symbol, for the Argentine peso used from 1983 to 1985. In writing, people used the symbol "$a" ahead of the currency amount, much in the same way "$" is used for American dollars. The Central Bank of Argentina regulated the supply of Argentine pesos in circulation.

BREAKING DOWN 'ARP (Argentinian peso)'

This version of the Argentine peso was first seen in 1983 when it replaced the peso ley at a conversion of 1 peso to 10,000 peso ley. The Argentine peso was used soon after democracy arrived but lost its purchasing power after several devaluations. Another name for the currency is peso argentino. The Argentine peso was replaced by the austral in 1985.

Denominations

The Central Bank of Argentina issued coins in denominations of 1, 5, 10 and 50 pesos in 1984 and 1985. Banknotes were made in 1, 5, 10, 50 and 100 Argentine pesos for the lowest four denominations, while the highest five denominations included banknotes with 500, 1,000, 5,000 and 10,000 pesos. When the austral replaced the Argentine peso, some of the highest denominations of banknotes had the new value of austral printed over them so the central bank did not have to reprint higher values.

Appearance

Banknotes of the Argentine peso generally depict historical figures on the front with natural scenes, buildings or events on the back. Each banknote with the value of 1 to 1,000 pesos contains a portrait of Gen. Jose de San Martin, the national hero of Argentina who led the revolt against the Spanish, on the front. The 1 peso banknote contains red coloring and Nahuel Huapi Lake on the back. The reverse of the 5 peso note depicts the National Flag Memorial in Rosario. The back of the 10 peso bill has a portrait of Iguazu Falls.

The reverse of the 50 peso banknote shows the Termas de Reyes in the province of Jujuy. The 100 peso piece of currency depicts Ushuaia, the capital of Tierra del Fuego, regarded as the southernmost city in the world. The 500 peso bill has a violet hue, and it depicts a famous painting that represents the meeting of notable Argentinians ahead of the May Revolution. The 1,000 peso piece, the highest denomination with San Martin on the front, has a battle scene from "El Paso de Andes."

On the front of the 5,000 peso note is a portrait of Juan Bautista Alberdi. The reverse shows a painting entitled "Constitutional Meeting of 1853." The 10,000 peso bill shows Manuel Belgrano on the front and the creation of the Argentine national flag on the back. The largest-value banknote of this series has a blue tint.

RELATED TERMS
  1. MXN (Mexican Peso)

    The currency abbreviation for the Mexican peso (MXN), the currency ...
  2. ARS (Argentinian Nuevo peso)

    The currency abbreviation, or currency symbol, for the Argentinian ...
  3. CLP (Chilean Peso)

    The currency abbreviation for the Chilean peso (CLP), the currency ...
  4. UYU (Uruguayan Peso)

    The currency abbreviation for the Uruguayan peso (UYU), the currency ...
  5. MXN

    In the currency market, this is the abbreviation for the Mexican ...
  6. PHP

    In currencies, this is the abbreviation for the Philippine Peso.
Related Articles
  1. Investing

    This Might Be the Best Time to Buy Colombian Pesos

    Signs are growing that energy markets are bottoming out, allowing the Colombian Peso to recover its value in a profitable trend against the U.S. Dollar.
  2. Insights

    How Does a Currency Peg Work?

    When a government initiates a currency peg, it pegs its currency’s value to that of another country.
  3. Investing

    Why Greece, Oil and China Affect the Mexican Peso

    Discover how oil, Greece and China have all played a part in the rapid devaluation of the Mexican peso compared to other currencies.
  4. Investing

    Hamburger Economics: The Big Mac Index

    In theory, PPP stands up much better than it does in reality. Find out how to evaluate currencies according to the price of a Big Mac.
  5. Investing

    Argentina’s YPF Issues Local Currency Debt (YPF)

    Argentina’s YPF takes advantage of improving market conditions to issue the equivalent of $750 million of local currency debt.
  6. Trading

    What Are the Best Hours to Trade the Mexican Peso? (MXN, USD)

    The best times to trade the Mexican peso are centered around economic releases, typically in the morning hours.
  7. Investing

    Forex Investing: How To Capture Commodity Fluctuations

    For individual or retail investors looking to gain exposure to hot commodity trends, the foreign exchange markets provide the answer.
  8. Trading

    3 Reasons The Mexican Peso Is So Liquid (MXN, USD)

    Mexico's vast petroleum reserves and close proximity to the United States add considerable liquidity to the Mexican peso.
  9. Trading

    4 Failed Currencies and Why They Crashed

    It’s unusual for a currency to fail so badly that it has to be replaced. But history provides a few painful examples.
  10. Investing

    Invest in Emerging Market Currencies with this ETF

    Why this emerging market currency ETF needs to be on your radar.
RELATED FAQS
  1. What are the financial benefits of retiring in the Philippines?

    Read about the many financial benefits of retiring in the Philippines as an American expatriate, including low health costs ... Read Answer >>
  2. What are the most common market indicators to follow the Argentinian stock market ...

    Learn the key market indicators and leading economic indicators that market analysts utilize to evaluate the stock market ... Read Answer >>
  3. What is the purpose of the International Monetary Fund?

    Read about the stated goals of the International Monetary Fund, which acts as an economic adviser and lender of last resort ... Read Answer >>
  4. Is Argentina a developed country?

    Learn why Argentina, as of 2015, is not classified as a developed country despite having a qualifying gross domestic product ... Read Answer >>
  5. Do hedge funds have ticker symbols?

    Discover whether or not hedge funds have ticker symbols, where you can find ticker symbols and the significance of a ticker ... Read Answer >>
Hot Definitions
  1. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  2. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  3. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  4. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  5. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
  6. Job Market

    A market in which employers search for employees and employees search for jobs. The job market is not a physical place as ...
Trading Center