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Q: Currency ( Answered 5 out of 5 stars,   0 Comments )
Question  
Subject: Currency
Category: Business and Money > Accounting
Asked by: batqul-ga
List Price: $25.00
Posted: 17 Jun 2004 20:20 PDT
Expires: 17 Jul 2004 20:20 PDT
Question ID: 362763
i found a 1981 banco central de la republica argentina un million de
pesos. Does it currently have any market value? If not with banks how
about a collector? It look like this.
On front:
http://images.google.com/imgres?imgurl=aes.iupui.edu/rwise/banknotes/argentina/ArgentinaP276-50Pesos-(1969)-donated_f.jpg&imgrefurl=http://aes.iupui.edu/rwise/countries/argentina.html&h=231&w=458&sz=149&tbnid=kteBs0jL0oAJ:&tbnh=63&tbnw=124&start=8&prev=/images%3Fq%3Dpictures%2Bof%2Bthe%2BArgentina%2BPesos%26hl%3Den%26lr%3D%26ie%3DUTF-8%26sa%3DN
Back:
http://images.google.com/imgres?imgurl=aes.iupui.edu/rwise/banknotes/argentina/ArgentinaP276-50Pesos-(1969)-donated_f.jpg&imgrefurl=http://aes.iupui.edu/rwise/countries/argentina.html&h=231&w=458&sz=149&tbnid=kteBs0jL0oAJ:&tbnh=63&tbnw=124&start=8&prev=/images%3Fq%3Dpictures%2Bof%2Bthe%2BArgentina%2BPesos%26hl%3Den%26lr%3D%26ie%3DUTF-8%26sa%3DN
And tips on cashing it. PLease
Answer  
Subject: Re: Currency
Answered By: livioflores-ga on 18 Jun 2004 08:44 PDT
Rated:5 out of 5 stars
 
Hi batqul!!


Unfortunately for you this banknote has not any market value. This
banknote was in use from 1970 until 1983 when the Argentina currency
unit was changed to Peso Argentino with the following parity:
1 Peso Argentino = 10,000 Pesos (Ley 18,888)

Then in 1985, as a result of a financial crisis the currency unit
changed again to Australes with the following parity:
1 Austral = 1,000 Pesos Argentinos

Again, in 1991, as result of another crisis wich includes an
hiperinflation process, the currency unit was changed to the current
currency, the Peso Convertible:
1 Peso = 10,000 Australes

So note that the 1 Peso Ley 18,888 (1981) is equal to 10^-11 of the
current Pesos. Then 1 million of Pesos Ley 18,888 from 1981 are equal
to 10^-5 of current Pesos, that is 10 millionth of current Pesos or
3.33 millionth of a US Dollar.


This banknote has a value as a collection piece, but it is not so
high, it is between 4 and 10 Dollars, regarding the condition of the
banknote. For some examples see the following links at eBay:
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=2227161544&category=3440

A similar banknote (500,000 Pesos) is offered for abaut 5 dollars (see
Pick # code 309):
http://www.misterbanknote.com/monthlyjun02.htm
and
http://www.kcshop.com/foreigncurrency/ArgentinaCurrency.htm


Visit the following page to see images for other Argentinian banknotes:
http://www.kcshop.com/imagegallery/Argentina.htm


-Search strategy:
My own knowledge about Argentina currencies (I live in Argentina since 1970).

-Search Keywords in Google:
argentina banknotes "for sale"
"moneda argentina" historia 



I hope this helps you. Feel free to request for any clarification
needed before rate this answer, I will gladly respond all your request
for further assistance on this topic.

Best regards,
livioflores-ga
batqul-ga rated this answer:5 out of 5 stars
Incredible detailed an quick. Sure wish she was wrong but, oh well
thought i has found something valuable. Cant affor to tip or i would.

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