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10 Australes
| Issuer | Banco de la Provincia de Buenos Aires |
|---|---|
| Year | 1985 |
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| Currency | Austral (1985-1991) |
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| Obverse description | Libranza de Caja de Ahorro Hipotecaria issued by the Banco de la Provincia de Buenos Aires, dated 2 de Diciembre de 1985. The face value of Diez Australes (A10) is displayed in large intaglio numerals at centre-left and centre-right, flanked by fine guilloche underprint in green and brown tones. The upper portion carries the account reference 'Cuenta Colectiva de Ahorro No. 29.200/1', a coeficiente base of 1.0000, and Serie C designation, with the bank's logotype vignette at right. |
|---|---|
| Obverse lettering | LIBRANZA DE CAJA DE AHORRO HIPOTECARIA CUENTA COLECTIVA DE AHORRO No. 29.200/1 FECHA DE EMISIÓN: 2 DE DICIEMBRE DE 1985 COEFICIENTE BASE: 1.0000 SERIE C IMPORTE DE LA LIBRANZA: DIEZ AUSTRALES A10 BANCO DE LA PROVINCIA DE BUENOS AIRES Entidad no valorista al Régimen de Garantía de los Depósitos Ley 21.526. LA TOTALIDAD DE LOS DEPÓSITOS EFECTUADOS EN ESTA INSTITUCIÓN SE ENCUENTRA GARANTIZADA POR LA PROVINCIA DE BUENOS AIRES. |
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| Comments |
Banco de la Provincia de Buenos Aires is the oldest bank in Argentina, predating the republic itself, but this note belongs to one of the country's more chaotic monetary episodes. The austral replaced the peso argentino in June 1985 under the Austral Plan — an emergency stabilization program launched by the Alfonsín government to arrest hyperinflation that had briefly exceeded 1,000% annually. Provincial banks were authorized to issue their own australes notes in parallel with the central bank.
The plan worked briefly, then collapsed. By 1989 inflation had returned with force, and the austral was eventually abandoned in favor of the convertible peso in 1992.