When I moved to Argentina in 2010, 1 Argentine Peso was worth roughly 25 cents of USD. The bills from the times when 1 Argentine Peso equalled 1 USD, before the socioeconomic crisis in 2001, were still in use. Although the largest bill, the 100 Pesos note, had lost a significant part of its value since 2001, in 2010, it would still get you a 35 km taxi ride from Buenos Aires city center to the international airport or a three course dinner in a nice restaurant. Today, you won’t get much more than a pack of chewing gum for the same 100 Pesos note and its value is going downwards.
The Bard College Berlin Student Blog