The value of the Argentine peso against the US dollar has been declining over the years after the expiration of the US-Argentina agreement on the fixed exchange rate between the dollar and the peso. Currently, the exchange rate between the peso and the US dollar is about 16 pesos for 1 USD. The currency used in Argentina is the Argentine peso. One United States Dollar is approximately 4 pesos, one British Pound approximately 6 pesos and one euro approximately 5 pesos. One United States Dollar is approximately 4 pesos, one British Pound approximately 6 pesos and one euro approximately 5 pesos. GDP (official exchange rate): $338.7 billion (2008 est.) Distribution of family income - Gini index: 49 (January-March 2007) Exchange rates: Argentine pesos (ARS) per US dollar - 3.1636 (2008 est.), 3.1105 (2007), 3.0543 (2006), 2.9037 (2005), 2.9233 (2004) GDP - real growth rate: 6.6% (2008 est.) Stock of money: $33.93 billion (31 December 2007)