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1 Peso Overprint on 100 Pesos
| Issuer | Banco Central de la República Argentina |
|---|---|
| Year | 1969-1971 |
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| Value | Log in to see details |
| Currency | Peso ley (1970-1983) |
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| Obverse description | Red-brown intaglio print on a 100 Pesos Moneda Nacional base note, with a bold black letterpress overprint converting the denomination to 1 Peso ley per Ley 18.188. A portrait vignette of General José de San Martín in military uniform occupies the right side of the note. The overprint text dominates the face, formally revaluing the note under the new currency framework. |
|---|---|
| Obverse lettering | Log in to see details |
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| Reverse lettering | Republica Argentina Cien Pesos 100 (Translation: Argentine Republic One Hundred Pesos) |
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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.