what the currency in argentina?
Argentine peso
neutral
 Argentina possesses definite comparative advantages in agriculture , as the country is endowed with a vast amount of highly fertile land . Between 1860 and 1930 , exploitation of the rich land of the pampas strongly pushed economic growth . During the first three decades of the 20th century , Argentina outgrew Canada and Australia in population , total income , and per capita income . By 1913 , Argentina was the world 's 10th wealthiest nation per capita . 

neutral
 Argentina , which had been insignificant during the first half of the 19th century , showed growth from the 1860s up until 1930 that was so impressive that it was expected to eventually become the United States of South America . This impressive and sustained economic performance was driven by the export of agricultural goods . 

neutral
 Growing government spending , large wage raises , and inefficient production created a chronic inflation that rose through the 1980s , when it briefly exceeded an annual rate of 1 @,@ 000 % . Successive regimes tried to control inflation through wage and price controls , cuts in public spending , and restriction of the money supply . Efforts to stem the problems came to naught when in 1982 Argentina came into conﬂict with the United Kingdom over the Falkland Islands . 

entailment
 In 1991 , economy minister Domingo Cavallo set out to reverse Argentina 's decline through free @-@ market reforms such as open trade . On 1 January 1992 , a monetary reform replaced the austral with the peso at a rate of 10 @,@ 000 australs for 1 peso . The cornerstone of the reform process was a currency board , under which the peso was fixed by law at par to the dollar , and the money supply restricted to the level of hard @-@ currency reserves . After a lag , inflation was tamed . With risk of devaluation apparently removed , capital poured in from abroad . GDP growth increased significantly and total employment rose steadily until mid @-@ 1993 . During the second half of 1994 , the economy slowed down and unemployment increased from 10 % to 12 @.@ 2 % . 

neutral
 During this period Argentina 's economy continued to grow , on average , but more slowly than the world as a whole or than its neighbours , Brazil and Chile . A suggested cause is that a multitude of frequently changed regulations , at times extended to ridiculous specifics ( such as a 1947 decree setting prices and menus for restaurants ) , choked economic activity . The long @-@ term effect was to create pervasive disregard for the law , which Argentines came to view as a hindrance to earning a living rather than an aid to enforcing legitimate property rights . The combination of industrial protectionism , redistribution of income from the agrarian to the industrial sector , and growing state intervention in the economy sparked an inflationary process . By 1950 , Argentina 's GDP per capita accounted just nearly half of the United States . 
