Argentine peso (ARS)

ISO number: 32
ISO text: ARS
Name: Argentine peso

The peso (originally established as the 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$D, US$, U$, U$S, or U$A to indicate U.S. dollars). It is divided into 100 centavos. The peso was also the name of several earlier currencies of Argentina. The exchange rate hovered around 3 pesos per United States dollar from 2002 to 2008, and around 4 pesos during 2010. The country's current account surplus has required periodic purchases of the latter currency on the part of the Central Bank by way of maintaining the peso relatively undervalued for export competitiveness.