2 Pesos Jorge Luis Borges

Borges died in Geneva in 1986, having spent his final years outside Argentina in part due to his fraught relationship with the Peronist establishment — a political tension that made his appearance on official currency thirteen years later quietly ironic. The Banco Central issued this piece as part of a commemorative series honoring notable Argentines during the presidency of Carlos Menem, just two years before the country's catastrophic 2001 financial collapse rendered the peso itself a symbol of institutional failure.