Argentina - Pick-303c - Group of 10 notes - 500 Argentine Pesos - 1977-1982 dated Foreign Paper MoneyInv# FM1005 Foreign Paper Money Cat# P-303c
Foreign Paper Money. San Martin portrait/Army monument at Mendoza. Group of 10 notes. Pick-303c. The peso (established as the peso convertible) is the currency of Argentina since 1992, identified by the symbol $ preceding the amount in the same way as many countries using peso or dollar currencies. It is subdivided into 100 centavos, but due to rapid inflation, coins with a face value below one peso are now rarely used. Its ISO 4217 code is ARS. It replaced the austral at a rate of 10,000 australes to one peso.
Argentine currency has experienced severe inflation, with periods of hyperinflation, since the mid-20th century, with periodic change of the currency to a new version at a rate ranging from 100:1 to 10,000:1. A new peso introduced in 1992, officially the peso convertible de curso legal, was worth 10,000,000,000,000 (ten trillion) pesos moneda nacional, the currency in use until 1970. Since the early 21st century, the peso has experienced further substantial inflation, reaching 124.4% year-on-year in August 2023, the highest since the current peso was introduced in the Convertibility plan of 1991. Read more at https://en.wikipedia.org/wiki/Argentine_peso