Argentine Peso in Bangladeshi Taka

ARS Argentine Peso

Country of application:
Argentina

Coin denominations in circulation:
10, 20, 50, 100, 200, 500, 1000 pesos.

Denominations of banknotes in circulation:
1, 2, 5, 10 pesos.

History reference:
Currency abbreviation or currency symbol for the Argentine nuevo peso (ARS), the currency for Argentina. The Argentine song Nuevo was first seen in 1992 when it replaced the australium in the convers...ion of 1 peso to 10,000 australia. Other names for the currency include peso convertible and nuevo peso convertible. The Argentine Nuevo Peso was pegged to the US dollar from 1 peso to one dollar form from 1992 to 2001. In 2002, the peso floated and devalued by about 75%, helping to improve export competitiveness. The export boom led to a massive influx of US dollars into the Argentine economy, which led to the stabilization of the national currency. Some time later, the Central Bank announced support for a strategy to keep the exchange rate between 2.90 and 3.10 pesos to the US dollar in order to maintain export competitiveness. When necessary, the Central Bank prints pesos and buys dollars on the free market (sometimes in large quantities, in the order of 10 to 100 million US dollars a day) to protect the peso from inflation, 27,000 million US dollars have accumulated in the vaults of the Central Bank, despite spending $9,810 million in payment to the IMF in January 2006.

BDT Bangladeshi Taka

Country of application:
Bangladesh

Coin denominations in circulation:
5 ৳

Denominations of banknotes in circulation:
5, ৳ 10, ৳ 20, 50, 100, 200, 500 and 1000.

History reference:
Taka is the official national currency in Bangladesh. In accordance with the international standard, it has been assigned the code 4217 BDT. The currency of Bangladesh consists of one hundred pise, w...hich is the local bargaining chip. Since July 1948, the Pakistani rupee has been in circulation in East Pakistan. In 1971, the independence of Bangladesh was proclaimed, and on January 1, 1972, the Bank of Bangladesh began operations and a new monetary unit, the taka, was introduced.