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1 Austral
| Issuer | Argentina |
|---|---|
| Year | 1989 |
| Type | Log in to see details |
| Value | 1 Austral (1 ARA) |
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| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| Obverse description | Frontal view of the historic Cabildo of Buenos Aires, the old colonial city hall, depicted in fine relief with its characteristic arcade of arches on the ground floor and a central bell tower rising above the roofline. The legend REPUBLICA ARGENTINA curves along the upper periphery, while CABILDO DE BUENOS AIRES follows the lower rim in Latin characters. The architectural rendering captures the neoclassical facade with notable detail, occupying the majority of the coin's field. |
|---|---|
| Obverse script | Latin |
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| Additional information |
The austral was introduced in June 1985 as part of the Austral Plan, an emergency stabilization program under President Alfonsín designed to arrest inflation that had already exceeded 1,000% annually. By 1989, the year this coin was struck, the plan had collapsed entirely — inflation hit roughly 3,000% and the country descended into hyperinflationary crisis so acute that Alfonsín resigned five months early, handing power to Menem ahead of schedule. A 1-austral coin in aluminium was, by any practical measure, functionally worthless the moment it left the mint.