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100 Pesos with 'DECRETO-LEY' on Obverse
| Issuer | Banco Central de la República Argentina |
|---|---|
| Year | 1973-1976 |
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| Reference(s) | P#297 |
| Obverse description | Red and rose on multicolour underprint, with intricate guilloche lathe-work framing all four sides. At right, an intaglio portrait of General José de San Martín is accompanied by his name inscribed below the vignette, while the denomination appears in large numerals over an elaborate guilloche rosette at centre, surmounted by the issuing authority name. Two facsimile signatures captioned GERENTE GENERAL and PRESIDENTE appear below centre, above which the legal authority inscription DECRETO-LEY N° 18.188/69 is printed. |
|---|---|
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| Reverse lettering | REPUBLICA ARGENTINA 100 USHUAIA CIEN PESOS CASA DE MONEDA DE LA NACION (Translation: Argentine Republic / Ushuaia / One Hundred Pesos / National Mint) |
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| Comments |
Argentina's monetary situation in the mid-1970s was deteriorating fast enough that the Banco Central issued notes with "DECRETO-LEY" printed directly on the face — an explicit acknowledgment that the emission authority derived from decree-law rather than an act of a functioning legislature. It is an unusual admission to put on circulating currency, and it dates the note squarely to the period of institutional instability preceding the March 1976 coup.
Pick 297 was produced by the Casa de Moneda in Buenos Aires throughout a period of triple-digit inflation, which means high-grade survivors are genuinely uncommon — not because the notes were rare, but because they moved quickly and were spent hard.