FACTOID # 11: Oklahoma has the highest rate of women in State or Federal correctional facilities.
 
 Home   Encyclopedia   Statistics   States A-Z   Flags   Maps   FAQ   About 
   
 
WHAT'S NEW
 

SEARCH ALL

FACTS & STATISTICS    Advanced view

Search encyclopedia, statistics and forums:

 

 

(* = Graphable)

 

 


Encyclopedia > Argentine peso
Argentine economic
crisis (1999–2002)

Economy of Argentina
Currency
Currency Board
Corralito
Cacerolazo
2001 Riots
Apagón
Debt exchange
The Argentine economic crisis was part of the situation that affected Argentinas economy during the late 1990s and early 2000s. ... Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector, and a diversified industrial base. ... The Argentine Currency Board pegged the Argentine peso to the US Dollar between 1991 and 2002 in an attempt to eliminate hyperinflation and stimulate economic growth. ... Corralito was the informal name for the economic measures taken in Argentina during 2001 by economy minister Domingo Cavallo in order to stop the draining of bank accounts. ... Cacerolazo is the name of a popular form of protest that consists in a group of people creating noise by banging pots, pans and other utensils in order to call for attention. ... The December 2001 riots were a period of civil unrest and rioting in Argentina that took place during December of 2001, with the worst incidents taking place on December 20 and December 21, 2001, in Argentinas capital Buenos Aires. ... Apagón (in Spanish, literally, blackout) is a form of protest that was employed several times in some large cities of Argentina, during the economic crisis at the beginning of the 2000s. ... Argentina went through an economic crisis since the mid-1990s; though it is debatable whether this crisis has ended, the situation has been more stable, and improving, since 2003. ...

edit


The Argentine peso (originally established as the nuevo peso argentino or peso convertible) is the currency of Argentina. Its ISO 4217 code is ARS, and the symbol used locally for it is $ (to avoid confusion, Argentines frequently use U$S to indicate U.S. dollars). It is divided into 100 centavos. ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ... This article is about general United States currency. ...


Link title==History== At the beginning of the 20th century, the Argentine peso was one of the most traded currencies in the world. However, throughout the century, the economy collapsed several times, and the country experienced periods of [[inflation[[]] and hyperinflation that led to changes in the system.]] Part of the Style and how-to series Shortcut: WP:HEP See also Help:Editing, m:Help:Editing, m:Help:Starting_a_new_page Wikipedia is a WikiWiki, which means that anyone can easily edit any unprotected article and have those changes posted immediately to that page. ... In economics, hyperinflation is inflation which is out of control, a condition in which prices increase rapidly as a currency loses its value. ...

Contents


Peso, until 1826

The peso was a colonial currency equal to 8 Spanish reales (a silver coin). After the [[Argentine Declaration of Ind The Real was a unit of currency in Spain for several centuries. ...


ependence|Independence]], this currency continued in use until 1826.

Peso Fuerte, 1826–1881

The peso fuerte was a convertible currency, at $F 17 per Spanish gold ounce (27.0643 g) 0.916 fine. This was changed in 1864 when the rate was changed to $F 16 per gold ounce.


In 1854, the Argentine Confederation issued 1, 2 and 4 centavos coins, with 100 centavos = 1 peso = 8 reales. The real was the currency of Argentine until 1881. ...


Peso Moneda Corriente, 1826–1881

The peso moneda corriente ($m/c) was an inconvertible currency which started at par with the peso fuerte, but it was depreciated 25 times during its life. The peso moneda corriente was an inconvertible Argentine currency between 1826-01-09 and 1881-11-04. ...


Peso Oro Sellado, 1881–1929

The peso oro sellado was a convertible currency, and it was equal to 1.4516 grams of fine gold.


Peso Moneda Nacional, 1881–1969

The peso moneda nacional (m$n or $m/n) replaced the real at the rate of 8 reales = 1 peso fuerte = 25 pesos moneda corriente. The peso moneda nacional was the currency of Argentina between November 5, 1881 and December 31, 1969. ... The real was the currency of Argentine until 1881. ...


Peso Ley, 1970–1983

The peso ley 18.188 (called simply the peso ley), replaced the previous currency at a rate of one peso ley to 100 pesos moneda nacional. The peso ley was the currency of Argentina between January 1, 1970 and May 5, 1983. ...


Peso Argentino, 1983–1985

The peso argentino ($a), replaced the previous currency at a rate of one to ten thousand. The peso argentino was the currency of Argentina between June 6, 1983 and June 14, 1985. ...


Austral, 1985–1991

The austral (the symbol was an uppercase A with an extra horizontal line), replaced the peso argentino at a rate of one austral for one thousand pesos. The austral was the currency of Argentina between 1985 and 1991. ...


Peso Convertible, 1991–present

The peso replaced the austral at a rate of one to ten thousand. It was also referred to as peso convertible since the international exchange rate was fixed by the Central Bank at one U.S. dollar to one peso, and for every peso convertible circulating, there was a U.S. dollar in the Central Bank's foreign currency reserves. However, after the economic debacle of 2001, the fixed exchange rate system was abandoned. A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currencys value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. ... The money base, or the monetary base is a government liability, currency and bank reserves. ... A reserve currency (or anchor currency) is a currency which is held in significant quantities by many governments and institutions as part of their foreign exchange reserves. ... The Argentine economic crisis was part of the situation that affected Argentinas economy during the late 1990s and early 2000s. ...


The end result was that one peso would be worth 10,000,000,000,000 (10¹³) pesos moneda nacional today.


Since January 2002, the exchange rate fluctuated, up to a peak of four pesos to one dollar (that is, a 75% devaluation). The exports boom then produced a massive inflow of dollars into the Argentine economy, which helped lower their price. On the other hand, the current administration has publicly acknowledged a strategy of keeping the exchange rate between 2.90 to 3.10 pesos per U.S. dollar, in order to maintain the competitiveness of exports and encourage import substitution by local industries. When necessary, the Central Bank emits pesos and buys dollars in the free market (sometimes large amounts, in the order of 10 to 100 million USD per day) to keep the dollar price from dropping, and had amassed over 27,000 million USD in reserves before the 9,810 million USD payment to the IMF in January 2006. Devaluation is a reduction in the value of a currency. ... Import substitution industrialization also called ISI is a trade and economic policy based on the premise that a developing country should attempt to substitute products which it imports, mostly finished goods, with locally produced substitutes. ...


Note that the highest valued peso note is the AR$100, worth only about US$35. Prices in Argentina are lower than those in the United States in terms of purchasing power parity, so there is little need for higher valued notes. To meet Wikipedias quality standards, this article or section may require cleanup. ...


==Circulating


Coins

Coins worth one peso and 50, 25, 10 and 5 centavos circulate. 1 centavo coins have been withdrawn from circulation.


Commemorating the National Constitutional Convention, two-peso and five-peso nickel coins were emitted in 1994. The 1994 reform to the Argentine Constitution was approved on 22 August, and addressed several important points. ...


Some two-peso coins were emitted in 1999 to commemorate the centennial of the birth of world-famous writer and poet Jorge Luis Borges; they had an image of Borges' face on one side, and a labyrinth and the Hebrew letter aleph on the other. In addition, commemorating the 50th anniversary of the death of Eva Perón, on September 18, 2002 a new two-peso coin with her face was created. It was said that this coin would replace the old AR$2 banknote if inflation continued to be high. None of the two-peso coins are currently in wide circulation. Jorge Luis Borges () (August 24, 1899 – June 14, 1986) was an Argentine writer who is considered to be one of the foremost writers of the 20th century. ... This article is about the mazelike labyrinth. ... ‹ The template below has been proposed for deletion. ... is the reconstructed name of the first letter of the Proto-Canaanite alphabet, continued in descended Semitic alphabets as Phoenician , Syriac , Hebrew , , and Arabic . Aleph originally expressed the glottal stop (IPA ), usually transliterated as , a symbol based on the Greek spiritus lenis , for example in the transliteration of the letter... During her 1947 Rainbow Tour of Europe, Eva Perón became the only South American first lady in history to grace the cover of Time Magazine, a distinction she holds to this day. ... September 18 is the 261st day of the year (262nd in leap years). ... For the Cusco album, see 2002 (album). ...


  Results from FactBites:
 
Argentine Antarctica at AllExperts (789 words)
The Argentine Antarctic region, consisting of the Antarctic Peninsula and a triangular section extending to the South Pole, is delimited by the meridians 25° West and 74° West and the parallel 60° South latitude.
Administratively, Argentine Antarctica is a department of the province of Tierra del Fuego, Antarctica, and South Atlantic Islands.
The Argentine presence in the sector, according to some historical investigations, took place in the second decade of the 19th century; some even affirm that it took place by the end of the previous century.
Argentine Currency Rates, Convert Argentine Pesos, Peso Moves, Peso Exchange Rates (933 words)
The Argentine peso, often denoted by ARS, is one of the official currencies in Argentina.
At the dawn of the twentieth century, the Argentine peso was one of the most popularly traded currencies in the world.
The Argentine peso has continued to strengthen in the first half of 2005, reflecting an increase in USD earning by exporters who continue to enjoy the benefits from the pick up in global demand and rising international commodity prices.
  More results at FactBites »

 
 

COMMENTARY     


Share your thoughts, questions and commentary here
Your name
Your comments

Want to know more?
Search encyclopedia, statistics and forums:

 


Press Releases |  Feeds | Contact
The Wikipedia article included on this page is licensed under the GFDL.
Images may be subject to relevant owners' copyright.
All other elements are (c) copyright NationMaster.com 2003-5. All Rights Reserved.
Usage implies agreement with terms, 1022, m