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100 Australes
| Issuer | Banco Central de la República Argentina |
|---|---|
| Year | 1985-1990 |
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| Composition | Log in to see details |
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| Reference(s) | P#327 |
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|---|---|
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| Reverse lettering | REPUBLICA ARGENTINA Cien Australes CASA DE MONEDA (Translation: Argentine Republic / Hundred Australes / Mint House) |
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| Protection type | Watermark, Security thread |
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| Comments |
The Austral was introduced in June 1985 as the centrepiece of the Austral Plan, an emergency stabilisation package under President Alfonsín designed to arrest inflation that had already exceeded 1,000% annually. One Austral replaced 1,000 Pesos Argentinos — itself a replacement currency from 1983. The denomination held reasonably well for roughly two years before inflation reasserted itself with force.
By 1989, the Austral was collapsing. The 100-Austral note, worth meaningful money at issue, became near-worthless pocket change before the series was retired. Argentina replaced the Austral with the Peso Convertible in 1992 at a rate of 10,000 to one.