This infobox shows the latest status before this currency was rendered obsolete.
USD / Argentina Currency Exchange Rates *From January 1970 to May 1983: Pesos Ley 18188 *From June 1983 to May 1985: Peso Argentino *From June 1985 to December 1991: Australes Argentina inflation 1980-1993
The austral was the currency of Argentina between June 15, 1985, and December 31, 1991. It was divided into 100 centavos. The symbol was an uppercase A with an extra horizontal line, (₳). This symbol appeared on all coins issued in this currency (including centavos), to distinguish them from earlier currencies.
Finance Minister Juan Vital Sourrouille devised the Austral plan.[1] The austral replaced the peso argentino at a rate of ₳1 = $a1,000, making the austral worth US$1.25, or 80 centavos de austral per U.S. dollar.
In 1992, the austral was itself replaced by the convertible peso at a rate of $1 = ₳10,000.
In 1985, coins were introduced for 1⁄2, 1, 5, 10 and 50 centavos. The 1⁄2¢ was only issued in 1985, whilst production of the 1¢ ceased in 1987, 5¢ ceased in 1988, and that of the other centavo coins ended in 1989. In 1989, ₳1, ₳5 and ₳10 coins were issued, followed in 1990 and 1991 by ₳100, ₳500 and ₳1,000 denominations.
All banknotes except the provisional types show on the back an image of Liberty with a torch and shield. The provisional banknotes were produced from modified peso ley plates. On the obverses, the word PESOS were erased, whilst the reverse designs substituted the picture with the denomination written in words without spaces in several rows. The denomination was shown on both faces in the form ₳10 MIL (₳10,000), ₳50 MIL (₳50,000) and ₳500 MIL (₳500,000).
Argentina
