Argentine real

Source: Wikipedia, the free encyclopedia.

Argentine real
Real argentino (Spanish)
Unit
Symbol$
Denominations
Superunit
 16escudo
 8peso
Subunit
110décimo
Banknotes1, 2, 3, 5, 10, 20, 40, 50, 100, 200, 500, 1000 pesos
Coins12, 1, 2, 4, 8 reales, 12, 1, 2, 4 and 8 soles, 1, 2, 4, 8 escudos
Demographics
Date of withdrawal5 November 1881
Replaced byArgentine peso moneda nacional
User(s)Argentina
This infobox shows the latest status before this currency was rendered obsolete.

The real was the currency of Argentina until 1881. From 1822, it was subdivided into 10 décimos. The

sol was also issued during this period and was equal to the real, whilst the peso was worth 8 reales and the escudo
was worth 16 reales.

History

decimalization did not occur until in 1881, when the real was replaced by the peso moneda nacional
at a rate of 8 reales to 1 peso.

Coins

Silver coins were issued in the name of the "Río de la Plata Province" in denominations of 12, 1, 2, 4 and 8 reales and 12, 1, 2, 4 and 8 soles, whilst gold coins (87.5%) were issued in denomination of 1, 2, 4 and 8 escudos.

The state of Buenos Aires issued its own coins starting in 1822, denominated in reales and décimos, with 10 décimos = 1 real. Coins were issued in denominations of 1, 5, 10 and 20 décimos, together with 14, 12 (actually shown as 510), 1 and 2 reales. They were all minted of copper. Other provinces issued coins denominated in reales (silver) and escudos (gold):

La Rioja, Mendoza, Salta, Santiago del Estero and Tucumán. Since these coins were scarce, it was common to use silver coins from other countries (especially Bolivian soles
).

In 1854, coins were issued in the name of the "Argentine Confederation" in denominations of 1, 2 and 4 centavo coins. As notes above, this issue did not lead to full decimalization.

Banknotes

In 1820, the Government of the Province of Buenos Aires introduced notes in denominations of 5, 10, 20, 40, 50 and 100 pesos. These were followed in 1823 by 1, 3 and 5 pesos. The Banco de Buenos Ayres began issuing notes in 1822 in denominations of 20, 50, 100, 200, 500 and 1000 pesos. 1 and 2 peso notes followed in 1823.

General references

  • Krause, Chester L.; Clifford Mishler (1996). .
  • Pick, Albert (1990). .