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5 Australes Overprint on 5 000 Pesos Argentinos
| Issuer | Banco Central de la República Argentina |
|---|---|
| Year | 1985 |
| Type | Log in to see details |
| Value | 5 Australes (5 ARA) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Central vignette reproduces the historical scene 'Los Constituyentes de 1853', an intaglio rendering of the assembly of delegates who drafted the Argentine Constitution, set within an architectural interior. The Argentine national coat of arms appears at left within a sunburst cartouche, flanked by decorative guilloche borders in green and brown tones. A rectangular brown overprint stamp at right repeats the new denomination 'A5 CINCO AUSTRALES'. |
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| Protection type | Watermark |
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| Comments |
Argentina's 1985 Austral Plan — announced by Raúl Alfonsín's government on June 14th of that year — replaced the Peso Argentino at a rate of 1 Austral to 1,000 Pesos Argentinos, a direct response to inflation that had exceeded 1,000% annually. Rather than wait for entirely new stock to be printed, the Casa de Moneda simply overprinted existing 5,000 Peso Argentino notes with the new denomination, producing this hybrid.
The overprint conversion was a stopgap, and the Austral itself proved no more durable — by 1989 hyperinflation had returned with force, eventually destroying that currency too.