# Argentine convertible peso

> currency of Argentina since 1992

**Wikidata**: [Q199578](https://www.wikidata.org/wiki/Q199578)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Argentine_peso)  
**Source**: https://4ort.xyz/entity/argentine-convertible-peso

## Summary
The Argentine convertible peso (ARS) has been the official currency of Argentina since January 1, 1992, replacing the Argentine austral and serving as the country's primary medium of exchange.

## Key Facts
- The Argentine convertible peso (ARS) has been the official currency of Argentina since January 1, 1992
- It replaced the Argentine austral as Argentina's currency
- The currency code is ARS
- It operates under a fixed exchange rate regime
- It is identified by the Wikidata property P373 as "Peso convertible of Argentina"
- It replaced the currency with identifier Q781218 (Argentine austral)
- The start date is recorded as +1992-01-01T00:00:00Z
- It is classified as an instance of Q8142 (currency)
- It is a subclass of Q244696
- Has 70 sitelinks on Wikipedia
- The Wikipedia article title is "Argentine peso"
- The Wikidata description confirms it's the currency of Argentina since 1992

## FAQs
**When did the Argentine convertible peso replace the Argentine austral?**
The Argentine convertible peso replaced the Argentine austral on January 1, 1992, as part of Argentina's currency reform following economic instability.

**What is the currency code for the Argentine convertible peso?**
The official currency code for the Argentine convertible peso is ARS.

**What is the exchange rate regime for this currency?**
The Argentine convertible peso operates under a fixed exchange rate regime that has influenced economic policy decisions.

**What is the official designation for this currency in Wikidata?**
In Wikidata, the Argentine convertible peso is identified by the property P373 as "Peso convertible of Argentina".

**What is the relationship between the Argentine convertible peso and the peso family of currencies?**
The Argentine convertible peso is part of the peso family of currencies, following previous Argentine peso denominations including the peso moneda nacional, peso ley, peso argentino, and Argentine austral.

## Why It Matters
The Argentine convertible peso represents a critical period in Argentina's economic history, serving as a stabilization measure following severe economic crises. Its implementation marked a shift toward currency stability after decades of inflation and economic volatility. The fixed exchange rate regime was designed to restore confidence in the Argentine economy and prevent further devaluation of the currency. The currency's existence reflects broader Latin American experiences with currency reforms and the challenges of maintaining economic stability in developing nations.

## Notable For
- **Currency Reform Success**: The Argentine convertible peso was implemented as a stabilization measure following the 1991-1992 economic crisis and the collapse of the Argentine austral.
- **Fixed Exchange Rate**: It operated under a fixed exchange rate regime that influenced economic policy decisions and international financial relationships.
- **Wikidata Classification**: Identified by Wikidata property P373 as "Peso convertible of Argentina" and replaced the currency with identifier Q781218 (Argentine austral).
- **Currency Code**: Uses the ISO 4217 code ARS.
- **Fixed Start Date**: The currency began on January 1, 1992, with a precise timestamp of +1992-01-01T00:00:00Z.
- **Wikipedia Recognition**: Has 70 sitelinks on Wikipedia with the article titled "Argentine peso".

## Body
### History and Implementation
The Argentine convertible peso was introduced on January 1, 1992, as part of Argentina's currency reform following severe economic instability. This reform replaced the Argentine austral, which had experienced significant devaluation and inflation. The implementation was part of a broader economic stabilization program that included fiscal reforms and monetary policy adjustments.

The transition occurred during a period of significant economic challenges, including high inflation rates and currency devaluation. The new currency was designed to restore confidence in the Argentine economy and prevent further financial crises. The fixed exchange rate regime was a key feature of this reform, intended to provide stability and attract foreign investment.

### Economic Context
The Argentine convertible peso was introduced during a critical period in Argentina's economic history. The country had experienced significant economic volatility, including the 2001 crisis where GDP fell to $97.7 billion. The currency reform was implemented as part of efforts to stabilize the economy and prevent further devaluation.

The fixed exchange rate regime was designed to maintain the value of the peso relative to the US dollar, which was pegged at a rate of 1:1 for a period. This policy influenced Argentina's economic relationships with other countries and international financial institutions.

### Relationship with Previous Currencies
The Argentine convertible peso succeeded several previous Argentine peso denominations:
- Peso moneda nacional (1881-1969)
- Argentine peso ley (1970-1983)
- Peso argentino (1983-1985)
- Argentine austral (1985-1992)

Each of these currencies had experienced varying degrees of inflation and devaluation, contributing to the economic instability that led to the introduction of the convertible peso.

### Technical Specifications
The Argentine convertible peso is identified by several technical properties:
- Currency code: ARS (ISO 4217)
- Wikidata identifier: P373 (Peso convertible of Argentina)
- Replaced currency: Q781218 (Argentine austral)
- Start date: +1992-01-01T00:00:00Z
- Instance of: Q8142 (currency)
- Subclass of: Q244696

The currency operates under a fixed exchange rate regime that has been adjusted over time to maintain economic stability. The fixed rate was initially set at 1:1 with the US dollar but has been adjusted periodically to reflect economic conditions.

### Economic Impact
The introduction of the Argentine convertible peso had significant economic impacts:
- It helped stabilize inflation rates, which had reached double-digit levels during the austral period
- It restored confidence in the Argentine economy and attracted foreign investment
- It influenced Argentina's trade relationships and international financial standing
- It provided a foundation for subsequent economic reforms and development strategies

The currency's existence reflects the broader challenges of maintaining economic stability in developing nations and the importance of currency reform in preventing financial crises.

### Current Status and Usage
The Argentine convertible peso remains the official currency of Argentina as of the knowledge cutoff date. It continues to function as the primary medium of exchange in the country's economy. The currency has been subject to periodic adjustments and economic challenges, including inflation and economic volatility.

The currency's relationship with the US dollar has been a key factor in Argentina's economic policy, with the fixed exchange rate regime influencing monetary policy decisions and international financial relationships. The Argentine convertible peso continues to be an important part of Argentina's economic landscape and international financial system.

## References

1. Chronicle of the year 1992
2. Freebase Data Dumps. 2013