By virtue of Executive Order No. 2128, dated October 10, 1991, the PESO LINE became legal tender as from January 1, 1992. According to that order, each new peso was equivalent to ten thousand australes, the former legal tender line. The peso could be exchanged for US dollars at a one-to-one rate established to continue with the provisions of the Austral Convertibility Law No. 23928, dated March 27, 1991. The notes that were issued back then read “convertible legal tender.”

Notes have a 155 mm wide, 65 mm tall standard size. They are manufactured with 100% cotton fiber paper weighing 83 g/m2, which is non-fluorescent under UV light. They are printed in three consecutive stages, using offset, intaglio and letterpress printing.

Five years from its issuance, some changes were made to this line, including improved engravings, a higher g/m2 ratio (90 g/m2) paper, and the inclusion of a cylindrical mould watermark reproducing the note portrait in the same direction.

Section 3 of the Law No. 25561 on Public Emergency and Exchange Rate Regime Reform, dated January 6, 2002, repealed Sections 1 and 2 of the Austral Convertibility Law. Therefore, the phrase “convertible legal tender” was removed from peso notes.

All notes bearing that inscription, however, are still in circulation and valid as a means of payment.

Original note   Date of issuance Denominación New design   Date of issuance
             
  02/01/1992 $1      
             
  06/01/1992 $2   26/11/1997
             
  03/01/1992 $5   22/06/1998
             
  03/01/1992 $10   14/01/1998
             
  06/01/1992 $20   18/01/2000
             
  02/01/1992 $50   19/07/1999
             
  06/01/1992 $100   03/12/1999
               
      $100   20/09/2012  
               
$100   01/07/2013
       

Click on a (new design) note to learn about its security and design features.


The Central Bank provided for the exchange of $1 notes for $1 coins as from September 1, 1995, and of old $50 and $100 notes for new notes of the same denomination as from June 11, 2001 in order to withdraw them from circulation.

Currently, this exchange is only carried out by the Central Bank in the Autonomous City of Buenos Aires and the branches of Banco de la Nación Argentina throughout the country.