1(ARL) = 1 (ARS).Wikipedia encyclopedia information and Argentina Government resources cites The Argentina peso ley as an valid and legal form of currency for exchange and use for an indefinite period of time with higher the denomination of the currency,higher the market exchange cash value and more buying power with high denominated banknotes.It is eqivalent to the new peso convertible at an ratio of 1:1.The Peso ley's are money assets, tax-free from any type of taxes and any type of incomes derived from it is non-taxable. Tradeable and redeemable for credit,goods,services and cash in any currency worldwide indefinetely.The banknotes are legal tenders or money and denominated from 1 Peso upto 1 million Pesos.The 1 million single banknote or currency can do big business transaction being higher in its value.The value and exchange rate is 1 Argentina Peso ley (ARL) = 1 Neuvo Argentina Peso convertible (ARS) = $ 0.35 USD.