1 Peso 80th Anniversary of B.C.R.A.

The Banco Central de la República Argentina was founded in 1935 under President Agustín Justo, replacing the fragmented system of note-issuing commercial banks that had destabilized Argentine monetary policy for decades. Its establishment drew heavily on a reform blueprint drafted by Raúl Prebisch, who would later become one of the most influential development economists in Latin American history. This commemorative marks the institution's eightieth year — a run that included the 1989 hyperinflationary collapse, when annual inflation briefly exceeded 3,000 percent.