Catalog
5 Pesos
| Issuer | Banco de la Nación Argentina |
|---|---|
| Year | 2006 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Printer | Casa de Moneda de la República Argentina, Buenos Aires |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse presents the full legal text of the LECOP instrument in small letterpress type across the entire field, structured as numbered articles (Artículo 1°, Artículo 2°, Artículo 4°) drawn from Decreto 1004/01 and defining the terms and fiscal equivalence of the Letras de Cancelación de Obligaciones Provinciales. A large ornamental LECOP logotype appears at upper right within a guilloche cartouche, and a fine guilloche border frames the note on all sides. |
| 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.