Casa de Moneda de la República Argentina prints (i.e., passports, subway tokens, postage stamps) that are used and issued by government-run service providers. The present currency printed is the Argentine peso, since 1992. In 1927 the Casa de Moneda Museum was inaugurated, with historical banknotes, coins, postal and other stamps, seals, medals, and others. Casa de Moneda de la República Argentina The Casa de Moneda de la República Argentina is the Argentine mint, controlled by the Argentine government and administratively subordinated to the Ministry of Economy. A mint was established in 1779, before Argentina became independent. Law 733 of 1875 ordered the creation of two mints, one
Currency substitution displaced by a stable currency. At the beginning of this process, the store-of-value function of the domestic currency is replaced by the foreign currency. Then, the unit-of-account function of the domestic currency is displaced when many prices are quoted in a foreign currency. A prolonged period of high inflation will induce the domestic currency to lose its function as medium of exchange when the public carries out many transactions in foreign currency. Ize and Levy-Yeyati (1998) examine the determinants of deposit and credit currency substitution, concluding that currency substitution is driven by the volatility of inflation and the real exchange