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| 表面の説明 | 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. |
|---|---|
| 表面の銘文 | 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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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.