The official currency of Argentina is the Argentine peso (ARS). The peso has experienced significant fluctuations in value and periodic changes due to Argentina's economic challenges over the years. Introduced in the 1990s, the peso replaced the Austral, which faced hyperinflation. The current peso has undergone multiple redesigns and denominations to stabilize the economy. The currency is crucial in Argentina’s trade and daily transactions, playing a vital role in both domestic and international markets. While the peso is used throughout the country, it is often subject to governmental fiscal policies and global economic trends that impact its value.