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5 Pesos Convertibles de Curso Legal 2nd issue

Uitgever Banco Central de la República Argentina
Jaar 1998-2003
Type Log in om details te zien
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Valuta Log in om details te zien
Samenstelling Log in om details te zien
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In omloop tot 1 March 2020
Referentie(s) Log in om details te zien
Beschrijving voorzijde Central intaglio portrait of General José de San Martín to the right, based on a classic engraving. A vignette at left reproduces the painting 'Abrazo de Maipú' by Pedro Subercaseaux, illustrating the historic embrace between San Martín and Bernardo O'Higgins after the Battle of Maipú. A facsimile of San Martín's last will and testament appears as a security underprint element, with fine guilloche patterns framing the design.
Opschrift voorzijde Log in om details te zien
Beschrijving keerzijde Log in om details te zien
Opschrift keerzijde Log in om details te zien
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Beveiligingstype Log in om details te zien
Beschrijving beveiliging José de San Martín's portrait embedded in the paper; embedded security thread running vertically through the note.
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Opmerkingen

The "Convertibles de Curso Legal" designation on this note is inseparable from Argentina's Convertibility Law of 1991, which pegged the peso one-to-one with the US dollar and legally mandated that every peso in circulation be backed by dollar reserves. The phrasing was statutory, not promotional — it appeared on notes by legal requirement.

This second issue ran through the final years of the peg before the December 2001 corralito froze bank accounts and the convertibility regime collapsed in January 2002. Notes from the tail end of the 1998–2003 print run circulated through one of the worst sovereign debt defaults in history.

MISSCHIEN OOK INTERESSANT