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5 Pesos
| Issuer | Banco de la Nación Argentina |
|---|---|
| Year | 2006 |
| Type | Log in to see details |
| Value | 5 Pesos |
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| Composition | Log in to see details |
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| Obverse description | The obverse bears a portrait vignette of Juan Bautista Alberdi at right, rendered in intaglio against a light guilloche underprint. The upper portion carries the issuer's full title BANCO DE LA NACION ARGENTINA FIDUCIARIO DEL FONDO FIDUCIARIO PARA EL DESARROLLO PROVINCIAL, with the denomination CINCO PESOS VALOR NOMINAL displayed in the lower centre. Additional inscriptions include LETRAS DE CANCELACION DE OBLIGACIONES PROVINCIALES (LECOP), AL PORTADOR, and a vencimiento date of 30 DE SEPTIEMBRE DE 2006, with two manuscript signatures at left and a serial number and SERIE A designation at upper right. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | LETRAS DE CANCELACION DE OBLIGACIONES PROVINCIALES (LECOP) DECRETO 1004/01 LECOP |
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| Comments |
The Banco de la Nación Argentina is a state-owned commercial bank, not a central bank — a distinction that occasionally confuses collectors. It was founded by law in 1891 following the severe banking crisis of 1890, known as the Baring Crisis, when speculative lending and foreign debt default destabilized nearly every private financial institution in the country. The Nación was created specifically to survive what private banks could not.
By 2006, the 5 peso denomination was approaching the low end of practical utility in everyday transactions, a quiet signal of the cumulative inflation since the 2001–2002 peso collapse.