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20 Pesos Convertibles de Curso Legal 2nd issue

Uitgever Banco Central de la República Argentina
Jaar 1999-2003
Type Log in om details te zien
Waarde 20 Pesos
Valuta Log in om details te zien
Samenstelling Log in om details te zien
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Beschrijving voorzijde Log in om details te zien
Opschrift voorzijde BANCO CENTRAL DE LA REPUBLICA ARGENTINA VEINTE PESOS CONVERTIBLES DE CURSO LEGAL JUAN MANUEL DE ROSAS
(Translation: Central Bank of the Argentine Republic Twenty Pesos Convertible of Legal Tender Juan Manuel de Rosas)
Beschrijving keerzijde Central vignette reproduces the painting 'Combate de la Vuelta de Obligado', a battle scene commemorating the 1845 engagement on the Paraná River, rendered in multicolour intaglio and letterpress. Biographical text relating to Juan Manuel de Rosas is printed within the design field, flanked by guilloche patterning and the denomination numeral '20' at left.
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Opmerkingen

The "convertibles de curso legal" legend dates this note to the Convertibility Plan era — the 1991 monetary framework that pegged the Argentine peso at exactly one-to-one with the US dollar and required the central bank to hold dollar reserves matching every peso in circulation. That arrangement held for a decade before collapsing spectacularly in late 2001, triggering the worst sovereign default in history at that point, a banking freeze, and a series of five presidents in eleven days.

Notes from the tail end of this series, dated into 2003, were issued after the peg had already been abandoned in January 2002 — meaning the "convertibles" legend was legally void on the very paper still being printed by Casa de Moneda. The text was eventually dropped in subsequent redesigns.

MISSCHIEN OOK INTERESSANT