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1 Valor Menem

Issuer Argentina
Year 1996
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Obverse description Intaglio-printed three-quarter portrait of President Dr. Carlos Saúl Menem at centre-right, set against an intricate guilloche underprint in blue and gold tones. A large numeral "1" appears to the left alongside a laurel branch vignette and a small sun motif; the national coat of arms is rendered in guilloche at right.
Obverse lettering REPUBLICA ARGENTINA
06.118.158 M
1
UN VALOR
QUE ESTABILIZO
EL PAIS
M
PRESIDENTE
Dr. CARLOS SAUL MENEM
06.118.158 M
CICCONE CALCOGRAFICA
(Translation: ARGENTINE REPUBLIC
1
A VALUE THAT STABILIZED THE COUNTRY
Dr. CARLOS SAUL MENEM)
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Comments

The "Valor Menem" designation is not an official denomination — it's the nickname collectors and the Argentine public attached to the 1 Peso notes issued during the Convertibility Plan, the rigid currency peg that locked the peso 1:1 with the US dollar from 1991 until its catastrophic collapse in 2001–2002. Ciccone Calcografica, a Buenos Aires intaglio printer with a long and occasionally troubled history in Argentine banknote production, handled this issue domestically rather than contracting abroad, which was itself a deliberate assertion of local printing capacity under the Menem administration.

Ciccone would later become notorious for its involvement in a counterfeiting scandal tied to Venezuelan bolivar notes, but that came years after this series.

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