The peso is the currency of Argentina, identified by the symbol $ preceding the amount in the same way as many countries using dollar currencies. It is subdivided into 100 centavos, its ISO 4217 code is ARS. Since the late 20th century, the Argentine peso has experienced a substantial rate of devaluation, reaching 25% year-on-year inflation rate in 2017; the official exchange rate for the United States dollar hovered around 3:1 from 2002 to 2008, climbing from 6:1 to 10:1 between 2009 and 2015. By August 2018, the rate had risen to 40:1. In 2019, the inflation rate experienced the steepest year-on-year increase since the Great Recession. By August 12, 2019, the rate had risen to 60:1 after the market's reaction to the 2019 Argentine primary elections. Amounts in earlier pesos were sometimes preceded by a "$" sign and sometimes in formal use, by symbols identifying that it was a specific currency, for example $m/n100 or m$n100 for pesos moneda nacional; the peso introduced in 1992 is just called peso, is written preceded by a "$" sign only.
Earlier pesos replaced currencies called peso, sometimes two varieties of peso coexisted, making it necessary to have a distinguishing term to use, at least in the transitional period. The peso was a name used for the silver Spanish eight-real coin. Following independence, Argentina began issuing its own coins, denominated in reales and escudos, including silver eight-real coins still known as pesos; these coins, together with those from neighbouring countries, circulated until 1881. In 1826, two paper money issues began. One, the peso fuerte was a convertible currency, with 17 pesos fuertes equal to one Spanish ounce of 0.916 fine gold. It was replaced by the peso moneda nacional at par in 1881; the non-convertible peso moneda corriente was introduced in 1826. It depreciated with time. Although the Argentine Confederation issued 1-, 2- and 4-centavo coins in 1854, with 100 centavos equal to 1 peso = 8 reales, Argentina did not decimalize until 1881; the peso moneda nacional replaced the earlier currencies at the rate of 1 peso moneda nacional = 8 reales = 1 peso fuerte = 25 peso moneda corriente.
One peso moneda nacional coin was made of silver and known as patacón. However, the 1890 economic crisis ensured; the Argentine gold coin from 1875 was the gold peso fuerte and two-thirds of a gram of gold of fineness 900, equivalent to one and a half grams of fine gold, defined by law 733 of 1875. This unit was based on that recommended by the European Congress of Economists in Paris in 1867 and adopted by Japan in 1873; the monetary system before 1881 has been described as "anarchistic". Law 1130 of 1881 put an end to this. Gold coins of 5 and 2.5 pesos were to be used, silver coins of one peso and 50, 20, 10 and 5 centavos, copper coins of 2 and 1 centavos. The depreciated peso moneda corriente was replaced in 1881 by the paper peso moneda nacional at a rate of 25 to 1; this currency was used from 1881 until January 1, 1970 The design was changed in 1899 and again in 1942. The peso m$n was convertible, with a value of one peso oro sellado. Convertibility was maintained off and on, with decreasing value in gold, until it was abandoned in 1929, when m$n 2.2727 was equivalent to one peso oro.
The peso ley 18.188 replaced the previous currency at a rate of 1 peso ley to 100 pesos moneda nacional. The peso argentino replaced the previous currency at a rate of 1 peso argentino to 10,000 pesos ley; the currency was born just before the return of democracy, on June 1, 1983. However, it lost its purchasing power and was devalued several times, was replaced by a new currency called the austral in June 1985; the austral replaced the peso argentino at a rate of 1 austral to 1000 pesos. During the period of circulation of the austral, Argentina suffered from hyperinflation; the last months of President Raul Alfonsín's period in office in 1989 saw prices move up with a consequent fall in the value of the currency. Emergency notes of 10,000, 50,000 and 500,000 australes were issued, provincial administrations issued their own currency for the first time in decades; the value of the currency stabilized. The current peso replaced the austral at a rate of 1 peso = 10,000 australes, it was referred to as peso convertible since the international exchange rate was fixed by the Central Bank at 1 peso to 1 U.
S. dollar and for every peso convertible circulating, there was a US dollar in the Central Bank's foreign currency reserves. After the various changes of currency and dropping of zeroes, one peso convertible was equivalent to 10,000,000,000,000 pesos moneda nacional. However, after the financial crisis of 2001, the fixed exchange rate system was abandoned. Since January 2002, the exchange rate has fluctuated, up to a peak of four pesos to one dollar; the resulting export boom produced a massive inflow of dollars into the Argentine economy, which helped lower their price. For a
Bir Devinder Singh is an Indian Politician from the state of Punjab. He was the deputy speaker of the Punjab Legislative Assembly between 2003 and 2004. S. Bir Devinder Singh is a man of acumen who works with conviction though it would not go well with the most of the practicing politicians and because of which he has been kept away from the power with the connivance of the ruling Congress and erstwhile rulers of the state, Akali Dal-BJP. Bir Devinder Singh vows by clean practices for which he has been awarded the Best Parliamentarian yet the ticket from the Congress bandwagon eluded him because they deemed him unfit despite the award. Bir Devinder Singh is a name synonymous with honesty in the political scenario of Punjab. After graduating as a leader of All India Sikh Students Federation, Bir Devinder Singh was roped in by the Congress to fight election from Sirhind in 1980 which he won with a handsome margin and thus opened the Political doors for him to serve the people of Punjab and he excelled in the political affairs of the constituency by working for improving literacy of the state, improving health and sanitation of the people and building the infrastructure of the Sirhind district.
He came to power again in 2002 on the Congress ticket and was promptly made a Deputy Speaker for his vocal strengths and intelligent questioning in the affairs of the state. During his tenure as a Deputy Speaker, he worked diligently for Mohali, getting the stature of a district for Mohali and establishing Greater Mohali Area on the lines of Noida. Singh represented the Kharar assembly constituency from 2002 to 2007, he represented Sirhind Constituency from 1980 to 1985. He was declared the best parliamentarian for the Legislative Assembly term from 2002 to 2007 Singh is from the Indian National Congress but was expelled from the party as he raised his voice against the corruption done by Congress Chief Capt Amarinder Singh, he joined Shiromani Akali Dal on 5 February 2019
Light TV is an American digital broadcast television network owned by MGM Television that launched on December 22, 2016. The network features faith-based entertainment programming. Light TV is headed by his wife, actress Roma Downey; the pair have teamed in the past to produce several religious and family-oriented projects through the MGM subsidiary Downey leads, Lightworkers Media. The then-new over-the-top faith-based channel was under development as early as September 2014 when MGM purchased 55% of One Three Media and LightWorkers Media, owned by Hearst Entertainment, Mark Burnett and Roma Downey, consolidated them into United Artists Media Group. With MGM purchasing Hearst and Burnett and Downey's shares in UAMG, the channel was still a planned streaming service; however and Burnett and Downey retained their stakes in the channel. MGM announced the formation of Light TV on November 16, 2016, with a launch planned for December on thirteen major market stations owned by Fox Television Stations.
The network launched on December 22, 2016 with two stations, the rest of the group's stations launching the subchannel throughout early 2017. Light TV features several series and movies meant to fit the network's family-oriented approach, including content from the MGM film and TV library or acquired through outside sources. Infomercials were added to the Light TV lineup in 2019, occupying all of the overnight hours and into the early morning. Below is a current list of programming broadcast on Light TV: Are You Smarter than a 5th Grader? Flipper Flipper – The New Adventures Green Acres Highway to Heaven Heartland The Patty Duke Show Sea Hunt It's About Time My Mother the Car The Busy World of Richard Scarry The Country Mouse and the City Mouse Adventures Inspector Gadget Naturally Sadie Mister Ed The Adventures of Paddington Bear All Dogs Go to Heaven: The Series Franny's Feet Heathcliff Madeline The Pink Panther Show Wimzie's House Light TV launched on subchannels of fourteen Fox and MyNetworkTV stations owned by Fox Television Stations, with most of the initial affiliates being owned-and-operated stations of the Fox Broadcasting Company.
MGM will offer the network to stations outside the initial markets. Official website