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1 Peso

Issuer Banco Central de la República Argentina
Year 1948-1951
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Shape Rectangular
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Obverse lettering BANCO CENTRAL DE LA REPUBLICA ARGENTINA PAGARA AL PORTADOR Y A LA VISTA UN PESO MONEDA NACIONAL Ley N° 12.962 del 27 de marzo de 1947
(Translation: CENTRAL BANK OF REPUBLIC OF ARGENTINA WILL PAY THE BEARER ON DEMAND ONE PESO NATIONAL CURRENCY Law No. 12,962 of March 27, 1947)
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Reverse lettering REPUBLICA ARGENTINA UN PESO
(Translation: ARGENTINE REPUBLIC ONE PESO)
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Mouchon's involvement here is a historical echo — the French engraver died in 1914, decades before this note was issued. The Argentine authorities were working from existing plate designs, a common cost-saving practice that meant mid-century banknotes sometimes carried artwork conceived in a very different political moment. The Banco Central had been restructured under Perón in 1946, bringing the institution under direct state control after years of a more orthodox central banking model.

The series ran across a four-year window during which inflation was already beginning to erode the peso's purchasing power — the 1 Peso denomination was losing practical relevance even as it was being printed.