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5 Australes
| Issuer | Argentina |
|---|---|
| Year | 1989 |
| Type | Standard circulation coin |
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| Currency | Log in to see details |
| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | The numeral 5, representing the denomination, is rendered in large bold relief and enclosed within a recessed octagonal cartouche occupying the right portion of the field. To the upper left, the Austral currency symbol — a stylised double-barred capital A — appears prominently in the field. The date 1989 is inscribed in the lower left area beneath the currency symbol. The design is plain and modernist, with no additional legend or decorative elements. |
| Reverse script | Latin |
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| Additional information |
The austral was introduced in 1985 as Argentina's attempt to stabilize an economy hemorrhaging under triple-digit inflation. It failed. By 1989 — the year this coin was struck — annual inflation had reached approximately 3,000%, rendering aluminum coinage essentially symbolic. The government of Raúl Alfonsín collapsed mid-year, and he handed power to Carlos Menem six months ahead of schedule, the first such early presidential transfer in Argentine democratic history.
The entire austral series was abandoned by 1991 when the peso convertible replaced it at a rate of 10,000 australes to one peso.