Pursuant to the authority vested in me by Republic Act No. 77 and upon the recommendation of the Undersecretary of Finance, the value of the Argentina peso is hereby fixed at ?0.40, Philippine currency, which is equivalent to $0.20, United States currency.

In witness whereof, I have hereunto set my hand and caused the seal of the Republic of the Philippines to be affixed.

Done in the City of Manila, this 13th day of July, in the year of Our Lord, nineteen hundred and fifty-one, and of the Independence of the Philippines, the sixth.

ELPIDIO QURINO
President of the Philippines

By the President:
MARCIANO ROQUE
Acting Assistant Executive Secretary