argentine peso 1984?

Question

I recently acquired a sum of argentine pesos from the late 70's to mid 80's. I looked at conversion rates and found a lot more money than I believe they are worth. Has there been some kind of change in currency that I am not aware of and they are actually worth less than current argentine pesos?

Answer 1

Your suspicion is quite correct. Argentina has remonetized three times since 1980.

By means of the Decree 22707 current from June 1st 1983, the PESO ARGENTINO ($a) established as the Argentine monetary unit.
The relation between this line and its predecessor, the Peso Ley line, was 1 $a = 10000 $ Ley.

By means of the Decree 1096 of June 14th 1985, current as from June 15th 1985, the AUSTRAL (A) was established as the Argentine monetary unit.
The relation between this line and its predecessor, the Peso Argentino line, was 1 A = 1000 $a.

By means of Decree N° 2.128 of October 10, 1991, current as from January 1, 1992, the PESO was established as the Argentine monetary unit. The relation between this line and its predecessor, the Austral, was one peso ($1) equivalent to 10,000 australes (A 10.000)

And that is the recent history of Argentina's currency, taken from the Argentine Central Bank web site:

http://www.bcra.gov.ar/index_i.htm

For the previous responder: This is Yahoo Answers. Yahoo Abuse is a different web site.

Answer 2

dumbass, go look it up.