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1 Peso Mercosur
| Issuer | Argentina |
|---|---|
| Year | 1998 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| Technique | Milled |
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| Obverse description | Log in to see details |
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| Reverse lettering | EN UNION Y LIBERTAD 1 PESO 1998 |
| Edge | Reeded |
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| Additional information |
Issued to mark the seventh anniversary of the Mercosur trading bloc — formally established by the Treaty of Asunción in March 1991 — this commemorative peso appeared at a moment of serious stress for the regional project. Brazil's currency crisis of 1998–99 would soon expose the structural tensions between Argentina's convertibility regime, which pegged the peso one-to-one with the US dollar, and Brazil's decision to float the real. The irony of a coin celebrating regional economic integration struck just before that integration nearly collapsed is hard to miss.