The austral was introduced in 1985 as Argentina's answer to hyperinflation, replacing the peso at a rate of 1,000 to one. It didn't work. By the time these aluminium 100-austral pieces entered circulation, inflation had exceeded 3,000% annually, and the denomination that had seemed substantial at introduction was functionally worthless within months. The currency was abandoned entirely in 1992, replaced by the convertible peso under Cavallo's economic reforms.
The austral was introduced in 1985 as Argentina's answer to hyperinflation, replacing the peso at a rate of 1,000 to one. It didn't work. By the time these aluminium 100-austral pieces entered circulation, inflation had exceeded 3,000% annually, and the denomination that had seemed substantial at introduction was functionally worthless within months. The currency was abandoned entirely in 1992, replaced by the convertible peso under Cavallo's economic reforms.