This note exists because the austral — introduced in 1985 specifically to arrest hyperinflation by replacing the peso at 1,000:1 — had itself collapsed under the same pressures it was meant to cure. By the time the 100,000-austral denomination was authorized, annual inflation had exceeded 3,000%. The note was not a long-term instrument; it was a stopgap, issued while the government was already planning the 1992 conversion to the peso convertible at 10,000 australes to one peso.
Casa de Moneda printed it domestically throughout the crisis, which itself reflects how severed Argentina was from the foreign printing relationships it had relied on for earlier, more stable series.
This note exists because the austral — introduced in 1985 specifically to arrest hyperinflation by replacing the peso at 1,000:1 — had itself collapsed under the same pressures it was meant to cure. By the time the 100,000-austral denomination was authorized, annual inflation had exceeded 3,000%. The note was not a long-term instrument; it was a stopgap, issued while the government was already planning the 1992 conversion to the peso convertible at 10,000 australes to one peso.
Casa de Moneda printed it domestically throughout the crisis, which itself reflects how severed Argentina was from the foreign printing relationships it had relied on for earlier, more stable series.