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1 Peso Mercosur
| Issuer | Argentina |
|---|---|
| Year | 1998 |
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| Composition | Log in to see details |
| Weight | 6.35 g |
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| Obverse description | The aluminium-bronze centre features the Mercosur emblem: a stylised arc representing the Southern Hemisphere horizon, above which four cross-shaped stars are arranged in the pattern of the Southern Cross constellation, with the legend MERCOSUR incused along the arc. The surrounding copper-nickel ring bears the legend REPUBLICA ARGENTINA arching across the upper field and DEMOCRACIA:PAZ:INTEGRACION along the lower field, all separated by raised dots. |
|---|---|
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| Obverse lettering | REPUBLICA ARGENTINA MERCOSUR DEMOCRACIA:PAZ:INTEGRACION |
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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.