To answer directly: the Argentine peso (ARS) is still the legal currency in Argentina. It is issued by the Central Bank of Argentina and is used for all government payments, salaries, taxes, and public transactions. Get the latest 1 Argentine Peso to US Dollar rate for FREE with the original Universal Currency Converter. Set rate alerts for ARS to USD and learn more about Argentine Pesos and US Dollars from XE - the Currency Authority. What is the Argentine Peso (ARS)? The Argentine Peso is the official currency of the Argentine Republic, which is the largest (by area) Spanish-speaking country in the world. The peso, which is divided into 100 centavos, is designated simply with an ordinary dollar sign. The foreign exchange market symbol for the Argentine peso is ARS. There have been several versions of the peso over the years. The current version, known as the peso convertible, which debuted in 1992, initially enjoyed a ...