What is Argentum, the new currency project that proposes removing three zeros from the Argentine peso?
Representative and former Minister of Economy Ricardo López Murphy introduced the bill in the National Congress. The idea is to eliminate three zeros to simplify transactions.
National Representative Ricardo López Murphy proposes replacing the Argentine peso with a new currency called Argentum . The goal would be to simplify transactions—eliminating three zeros—and do away with the current denomination. The bill was introduced this week in Congress.
The initiative proposes that the Argentum (AG) be equivalent to one thousand current pesos , with the conversion taking effect on January 1, 2026. The currency would have a six-month transition period, during which it would circulate simultaneously with the peso.
The bill establishes that, as of the specified date, Argentum banknotes and coins will be legal tender throughout the country. The Central Bank would be authorized to issue and administer the new currency. After six months, the peso would cease to be legal tender.
Meanwhile, financial institutions must automatically convert bank balances, accounts, checks, and other instruments to Argentum , respecting the equivalence established in the bill.
Regarding rounding, if the converted amounts include fractions less than half a cent, they will be eliminated if they do not exceed 0.0025 AG and will be rounded up if they do.
Furthermore, Article 11 states that the Executive Branch will be required to carry out a massive information campaign to explain the scope of the change. The media, social media, and all other tools relevant to the initiative will be used.
López Murphy
Gentleness
In the project's rationale, López Murphy stated that this measure would facilitate daily operations and recalled the history of monetary reconversion in Argentina: from the peso, the national currency of 1881, to the current peso established in 1991, including the peso ley, the Argentine peso, and the austral.
The legislator emphasized that accumulated inflation has degraded the value of the currency and that operating with figures in thousands or millions creates unnecessary complications for both Argentines and the country's accounting and administrative systems .
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