Argentine peso moneda corriente explained

Argentine peso moneda corriente
Date Of Withdrawal:4 November 1881
Obsolete:yes
Image 1:Cinco pesos moneda corriente.jpg
Image Title 1:"Cinco pesos" moneda corriente banknote, issued in 1869
Date Of Introduction:9 January 1826
Using Countries:Argentina
Symbol:$ m/c

The peso moneda corriente was a non-convertible Argentine paper currency which circulated between 9 January 1826, and 4 November 1881. It was worth eight reales. Its symbol was $m/c. It was also known as the peso papel (paper money).

It was also known by the name of the peso papel as opposed to the Peso Fuerte ($F) and the gold or silver coins of previous issues. It circulated almost exclusively in the Buenos Aires Province, since in the interior of the country only metallic coins were used during that time, such as the old Bolivian silver peso, and also, to a lesser extent, coins from other countries. “It was the role of the province of Buenos Aires –or current currency- that really imposed the monetary practices, evicting silver and gold from circulation.”[1]

Overview

The peso moneda corriente was not the first paper money issued in Argentina as the Banco de Buenos Aires had already issued paper money in 1822, but it was convertible into cash. The inconvertibility decreed in January 1826 was due to the economic problems caused by the War in Brazil. There was an exception: the period from January 3, 1867, to May 17, 1876, in which it was convertible at the rate of $m/c 25 = $F 1 at the Exchange Office of the Banco de la Provincia de Buenos Aires. The return of inconvertibility was due to the exchange rate run caused by the crisis of the 70s. gold first and the strong peso later.

The peso moneda corriente was introduced at par with the peso fuerte ($F) but gradually depreciated relative to it during its life. In the period from 3 January 1867 to 17 May 1876, the peso moneda corriente could be converted to gold, at the rate 25 =, in the Oficina de Cambios (exchange office) of the Banco de la Provincia de Buenos Aires. The office closed in 1876 because the people exchanged pesos for gold in large quantities. The peso moneda corriente was replaced by the peso moneda nacional at the rate of 25 pesos moneda corriente = 1 peso moneda nacional.

During the period the peso moneda corriente was in use, currencies from other countries were also used (especially the Bolivian boliviano).

The peso moneda corriente was replaced by the "Peso Oro Sellado" or gold weight at a rate of $m/c 25 = o$s 1 as of November 1881, at that time also equal to the Argentine peso moneda nacional. Article 13 of Law 1,130 -which established the gold weight- mandated that "Issuing Banks that exist in the Republic must, within two years of enactment of this Law, renew all their issuance in banknotes, to national currency".

Banknotes

Source:[2]

Banco de Buenos Ayres issues

Denom.IssuedObverseImage
1 peso 1827 150px
5 pesos 1827 150px
10 pesos 1828 Simón Bolivar and George Washington 150px
20 pesos 1827 Simón Bolivar and George Washington 150px
50 pesos 1827 Simón Bolivar and George Washington 150px
100 pesos 1827 ? 150px
500 pesos 1827 ? 150px
1000 pesos 1827 ? 150px

Banco Nacional de la Provincias Unidas issues

Denom.IssuedObverseImage
1 peso 1834 150px
5 pesos 1838 Female allegories 150px
10 pesos 1834 Female allegories 150px
20 pesos 1834 Female allegories 150px
50 pesos 1834 Female allegories 150px
100 pesos 1834 Female allegories 150px
200 pesos 1834 Female allegories 150px
500 pesos 1834 Argentine coat of arms 150px

Casa de Moneda de Buenos Ayres issues

Banknotes issued during the government of Juan Manuel de Rosas (1835–1852). They included the legend "Viva la Federación".

Denom.IssuedObverseImage
1 peso 1841 Woman 150px
5 pesos 1841 150px
10 pesos 1841 150px
20 pesos 1841 150px
50 pesos 1841 150px
100 pesos 1841 150px
200 pesos 1841 150px

Casa de Moneda de Buenos Ayres issues

A second series was issued during the government of Rosas. The legend ""Viva la Confederación Argentina... Mueran los Salvajes Unitarios" was introduced.

Denom.IssuedObverseImage
1 peso 1844 Argentine coat of arms 150px
5 pesos 1844 Ñandú 150px
10 pesos 1844 Sheep 150px
20 pesos 1844 Horse
50 pesos 1844 Cow 150px
50 pesos 1848 Cow
100 pesos 1845 Cabildo of Buenos Aires
100 pesos 1848 ?
200 pesos 1848 Port of Buenos Aires
500 pesos 1845 ?
500 pesos 1849 ?
500 pesos 1851 Woman with children
1,000 pesos 1847 Liberty

External links

Notes and References

  1. Temas de historia económica argentina by Juan Alvarez. Buenos Aires, El Ateneo, 1929
  2. https://www.billetesargentinos.com.ar/billetes/moneda_corriente.htm "Billete Peso Moneda Corriente"