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Yes.It is legal and valid having an exchange rate and value of 1000000 (ARL) = 1000000 (ARS) = $ 350,000 USD. Acceptable and Redeemable for cash in any currency worldwide anywhere indefinetely.
Wiki User
∙ 15y ago
Wiki User
∙ 14y agoThe 500 peso bill is not valid.
The highest denomination is the 100 peso bill.
To see Argentina's Central Bank website: http://www.bcra.gov.ar/ and click on the left side menu under "Billetes y Monedas" and then on "emisiones vigentes".
These Argentine Pesos have been in circulation since 1990.
Before that there were other "older" pesos (Peso Moneda Nacional, Peso Ley 18188, Peso Argentino) which are no longer valid, as well as the "Austral" (1985-1989). Collect them if you please but you can't buy anything with them.
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