100 Pesos Convertibles de Curso Legal 2nd issue

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.