Catalog
See full images - free registration
Continue with Google - no registration!
or register with email
Why register? Just to keep bots out of our catalog. Your email stays private - we will never share it or send you anything uninvited. We guarantee you that!
1 Austral Overprint on 1000 Pesos Argentinos
| Issuer | Banco Central de la República Argentina |
|---|---|
| Year | 1985 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Rectangular |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Intaglio portrait of General José de San Martín in three-quarter view occupies the right half of the note, captioned 'Gral. SAN MARTIN' at lower right, set against an intricate multicolour guilloche underprint. A large central medallion with the denomination 'MIL' in bold letterpress is surrounded by fine lathe-work rosettes. A green rectangular overprint stamp at centre-left reads 'A1 / UN AUSTRAL', revaluing the note under the 1985 monetary reform. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The central vignette reproduces the painting 'El Paso de los Andes', portraying San Martín's army of liberation crossing the Andean mountain range on horseback, with dramatic mountain scenery rendered in teal and ochre tones. The Argentine national coat of arms appears at centre-left, flanked by fine guilloche scrollwork. A blue rectangular overprint stamp at lower right repeats the '1 UN AUSTRAL' revaluation legend, and the printer's imprint 'CASA DE MONEDA' is lettered at the base. |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | Log in to see details |
| Variants | Log in to see details |
| Comments |
Argentina's June 1985 Austral Plan was one of the most abrupt currency conversions in Latin American history — overnight, the peso argentino was replaced at a rate of 1,000 to 1, and rather than wait for newly designed notes to come off the presses in sufficient volume, the Central Bank simply overprinted existing 1,000 peso argentino stock with the new denomination. The conversion rate was by design exactly reflected in the face value: one austral on a one-thousand peso note, no rounding required.
The Austral Plan initially succeeded in breaking triple-digit monthly inflation, but the stabilization proved short-lived. By 1989, inflation had returned with force, and the austral itself would be replaced by the convertible peso in 1992.