ARP (Argentinian peso)

DEFINITION of 'ARP (Argentinian peso)'

The currency abbreviation, or currency symbol, for the Argentinian peso (ARP), one of the previously used currencies in Argentina. The Argentinian peso is often presented with the symbol "$a" and was used as a curency from 1983 to 1985.

BREAKING DOWN 'ARP (Argentinian peso)'

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

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