Argentine peso moneda nacional 1 dollar in 1933. Between 1934 and 1939, the peso was pegged to the British pound at a rate of 15 pesos = 1 pound. High inflation in the post-war period lead to the introduction of the "peso ley" in 1970 at the rate of 100 pesos moneda nacional = 1 peso ley. In 1881, silver 10, 20 and 50 centavos and 1 peso and gold 1 argentino coins were introduced, followed by bronze 1 and 2 centavos the next year. Silver coins ceased production in 1883, with gold coins ending in 1896. Base metal 5, 10 and 20 centavos
World currency Habsburg territories. Prior to and during most of the 19th century, international trade was denominated in terms of currencies that represented weights of gold. Most national currencies at the time were in essence merely different ways of measuring gold weights (much as the yard and the meter both measure length and are related by a constant conversion factor). Hence some assert that gold was the world's first global currency. The emerging collapse of the international gold standard around the time of World War I had significant implications for global trade. Before 1944, the world reference currency was the United Kingdom's