Argentine Peso in Moldovan Leu

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.

MDL Moldovan Leu

Country of application:
Moldavia

Coin denominations in circulation:
50, 25 and 10 baths.

Denominations of banknotes in circulation:
1,000, 500, 200, 100, 50, 20, 10, 5, 2 and 1 lei.

History reference:
The Moldovan leu is the currency of Moldova. The Moldovan leu became the national currency of Moldova in late autumn 1993. Despite the large number of economic reforms and political upheavals that th...e Republic of Moldova experienced during the years of its independence, its money has changed little. The main role in the internal and external markets of the Moldavian Principality was played by foreign silver and gold coins: ducats, florins, zlotys and others. In the 17th century, the Dutch coin “leeuwendaalder”, which depicted a lion, also penetrated the Balkans and Moldova. The inhabitants of Moldova called these coins lei. In 1867, this name was given to the currency of Romania, and after the collapse of the USSR, the monetary unit of Moldova. The Bulgarian lev has exactly the same etymology.