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Argentine austral

From Wikipedia, the free encyclopedia
Former currency of Argentina
See also:Historical exchange rates of Argentine currency
This article includes a list ofgeneral references, butit lacks sufficient correspondinginline citations. Please help toimprove this article byintroducing more precise citations.(April 2009) (Learn how and when to remove this message)
Argentine austral
austral argentino (Spanish)
ISO 4217
CodeARA
Unit
Unitaustral
Pluralaustrales
Symbol
Denominations
Subunit
1100centavo
Symbol
centavo¢
Banknotes₳1, ₳5, ₳10, ₳50, ₳100, ₳500, ₳1,000, ₳5,000, ₳10,000, ₳50,000, ₳100,000, ₳500,000
Coins12¢, 1¢, 5¢, 10¢, 50¢, ₳1, ₳5, ₳10, ₳100, ₳500, ₳1,000
Demographics
Date of introduction15 June 1985
ReplacedPeso argentino
Date of withdrawal31 December 1991
Replaced byArgentine peso
User(s) Argentina
Issuance
Central bankBanco Central de la República Argentina
 Websitewww.bcra.gov.ar
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

Theaustral was the currency ofArgentina between 15 June 1985, and 31 December 1991. It was divided into 100centavos. 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.

History

[edit]

Finance MinisterJuan Vital Sourrouille devised theAustral plan.[1] The austral replaced thepeso 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 theconvertible peso at a rate of$1 = ₳10,000.

Coins

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In 1985, coins were introduced for12, 1, 5, 10 and 50 centavos. The12¢ 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.

Centavo

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AverseObverseValueObverseEntered circulationWithdrawnCompositionDiameter
12¢Hornero23 Sep 198531 Dec 1991Copper-Aluminium (92/8)19 mm
Rhea23 Sep 198531 Dec 1991Copper-Aluminium (92/8)20 mm
Puma23 Sep 198531 Dec 1991Copper-Aluminium (92/8)23 mm
10¢Coat of arms14 Oct 198531 Dec 1991Copper-Aluminium (92/8)21 mm
50¢Liberty14 Oct 198531 Dec 1991Copper-Aluminium (92/8)23 mm

Austral

[edit]
AverseObverseValueObverseEntered circulationWithdrawnCompositionDiameter
₳1Buenos Aires Cabildo27 Mar 198931 Dec 1991Aluminium20 mm
₳5House of Tucumán22 May 198931 Dec 1991Aluminium22 mm
₳10Casa del Acuerdo26 Jun 198931 Dec 1991Aluminium22 mm
₳100Coat of arms28 Nov 199031 Oct 1993Aluminium21 mm
₳500Coat of arms1 Nov 199031 Oct 1993Aluminium23 mm
₳1,000Coat of arms28 Nov 199031 Oct 1993Aluminium24 mm

Banknotes

[edit]

In 1985, provisional issues were made consisting of $a1000, $a5000 and $a10,000 notes overstamped with the values ₳1, ₳5 and ₳10.

ValueCommentsPortraitEntered circulationWithdrawnImage
₳1ProvisionalJosé de San Martín31 Oct 198530 Nov 1987
₳5ProvisionalJuan Bautista Alberdi31 Oct 198530 Nov 1987
₳10ProvisionalManuel Belgrano31 Oct 198530 Nov 1987

Between 1985 and 1991, the following notes were issued by the Banco Central:

ValueCommentsPortraitEntered circulationWithdrawnImagevalue in 1992 convertible peso
₳1DefinitiveBernardino Rivadavia31 Oct 198531 Oct 1991
₳5DefinitiveJusto José de Urquiza28 Feb 198631 Oct 1991
₳10DefinitiveSantiago Derqui30 Dec 198531 Oct 1991
₳50DefinitiveBartolomé Mitre23 Jun 198631 Dec 1991
₳100DefinitiveDomingo F. Sarmiento25 Nov 19851 Jun 1992Arg$0.01
₳500DefinitiveNicolás Avellaneda2 May 19881 Jun 1992Arg$0.05
₳1,000DefinitiveJulio A. Roca30 Sep 19881 Jun 1992Arg$0.10
₳5,000DefinitiveJuárez Celman26 May 19891 Oct 1992Arg$0.50
₳10,000ProvisionalJosé de San Martín31 Jul 198931 Aug 1991Arg$1
₳10,000DefinitiveCarlos Pellegrini25 Aug 19891 Oct 1992Arg$1
₳50,000ProvisionalJosé de San Martín2 Jun 198931 Aug 1991Arg$5
₳50,000DefinitiveLuis Sáenz Peña8 Nov 19892 Jan 1993Arg$5
₳100,000DefinitiveJosé E. Uriburu21 May 19902 Jan 1993Arg$10
₳500,000ProvisionalJosé de San Martín2 Jul 199031 Oct 1991Arg$50
₳500,000DefinitiveManuel Quintana1 Nov 19902 Jan 1993Arg$50

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 modifiedpeso 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).

See also

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References

[edit]
  1. ^La era Sourrouille, corazón del Plan Austral(in Spanish)

External links

[edit]
Flag of Argentina Historicalcurrencies ofArgentina
Real
$
1813–1881
Peso fuerte (convertible)
$F
1826–1881
Peso moneda corriente
$m/c
1826–1881
Peso oro sellado (convertible to gold)
$o/s
1881–1929
Peso moneda nacional (convertible)
m$n[ARM]
1881–1970
Peso ley
$L[ARY]
1970–1983
Peso argentino
$a[ARP]
1983–1985
Austral
[ARA]
1985–1991
(Convertible) peso
$[ARS]
1992–present
Circulating
Obsolete and historical
Generic placeholder
Authority control databasesEdit this at Wikidata
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