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1 Peso Overprint on 100 Pesos
| Issuer | Banco Central de la República Argentina |
|---|---|
| Year | 1969-1971 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | 1 PESO LEY 18.188 Banco Central de la República Argentina pagará al portador y a la vista Cien Pesos Moneda Nacional (Translation: 1 Peso Law 18,188 Central Bank of the Argentine Republic promise to pay the bearer on demand One Hundred Pesos National currency) |
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| Protection type | Watermark |
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| Comments |
Argentina's chronic inflation made large denominations obsolete faster than new notes could be printed. Rather than wait for fresh stock, the Banco Central authorized a provisional overprint reducing the face value of existing 100 Peso notes to 1 Peso — a ratio that tells you everything about what had happened to purchasing power in the preceding decade. The overprint program ran from 1969 through 1971, bridging the gap until purpose-designed low-denomination notes could enter circulation.
Chalcographic printing on the base note indicates intaglio production, giving the paper a tactile quality that the overprint itself — applied separately — does not share.