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20 Australes
| Issuer | Banco de la Provincia de Buenos Aires |
|---|---|
| Year | 1985 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Austral (1985-1991) |
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| Obverse description | Libranza de Caja de Ahorro Hipotecaria issued by Banco de la Provincia de Buenos Aires, printed in dark red on white paper with an intricate guilloche border. The centre carries the denomination A20 / VEINTE AUSTRALES in large type flanked by repeat value panels, with account details including Cuenta Colectiva de Ahorro, emission date (2 de Diciembre de 1985), Coeficiente Base, and Serie B printed above. A block of small-print redemption conditions in Spanish occupies the lower portion, with two manuscript signatures above the designations Subgerente Operativo and Subgerente. |
|---|---|
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| Protection description | Intricate multicolour guilloche rosette and lathe-work underprint on both obverse and reverse, providing a complex background pattern resistant to reproduction. |
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| Comments |
The Banco de la Provincia de Buenos Aires is the oldest bank in Argentina, founded in 1822, and operated with a degree of autonomy from the central monetary authorities — meaning provincial notes like this one coexisted uneasily with federal currency policy during the hyperinflationary spiral of the mid-1980s. The austral itself was introduced nationally in June 1985 as a replacement for the peso argentino, shedding three zeros in an attempt to stabilize a currency losing value faster than notes could be printed.
Provincial issuance at this denomination, so early in the austral's brief lifespan, reflects how severely the national supply chain for circulating currency was strained at the moment of the changeover.