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100 Pesos Convertibles de Curso Legal 2nd issue
| Issuer | Banco Central de la República Argentina |
|---|---|
| Year | 1999-2002 |
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| Reference(s) | P#351 |
| Obverse description | Intaglio portrait of General Julio Argentino Roca at centre-right, with a vignette of a harbour scene including a ship at left centre. The denomination '100' appears in large numerals at upper left and lower right, with vertical lettering 'CIEN PESOS CONVERTIBLES DE CURSO LEGAL' along the left border. A fine guilloche underprint in green and rose tones fills the background. |
|---|---|
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| Reverse lettering | CIEN PESOS REPUBLICA ARGENTINA en unión y libertad Julio Argentino Roca (Tucuman 1843 - Buenos Aires 1914). Militar y estadista. Realizador de la campaña del desierto (1879). Firmó el tratado de límites con Chile - Fue dos veces presidente de la República (1880-1886; 1898-1904) LA CONQUISTA DEL DESIERTO (Translation: One hundred Pesos Argentine Republic in union and liberty Julio Argentino Roca (Tucumán 1843 - Buenos Aires 1914). Soldier and statesman. Director of the desert campaign (1879). He signed the border treaty with Chile - He was twice president of the Republic (1880-1886; 1898-1904) The Conquest of the Desert) |
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| Comments |
This note circulated through one of the most turbulent monetary episodes in modern Latin American history. The convertibility regime it references — established by the 1991 Convertibility Law, which pegged the peso one-to-one with the US dollar — collapsed spectacularly in late 2001 and early 2002, triggering a sovereign default, bank freezes known as the corralito and corralón, and a currency devaluation that rendered the "convertible" designation meaningless overnight.
Notes from the final production years of this series were issued into an economy already under severe stress, and many were effectively frozen in blocked accounts before they ever changed hands freely.