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5 Pesos with 'DECRETO-LEY' on Obverse

Issuer Banco Central de la República Argentina
Year 1974-1976
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Obverse description Intaglio-printed portrait vignette of General Manuel Belgrano at right, rendered in fine line engraving against a multicolour guilloche underprint in blue and rose tones. The numeral '5' appears in large format at upper left within an elaborate lathe-work oval, and a matching numeral occupies the lower right within a guilloche rosette. Two facsimile signatures of the Gerente General and Presidente are placed centrally below the denomination inscription.
Obverse lettering BANCO CENTRAL DE LA REPUBLICA ARGENTINA CINCO PESOS DECRETO-LEY No 18.188/69 5 GERENTE GENERAL PRESIDENTE Gral.BELGRANO
(Translation: Central Bank of the Argentine Republic Five Pesos Decree-Law No. 18,188/69 5 General Manager President General Belgrano)
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Comments

The "Decreto-Ley" overprint designation on this note reflects a specific legislative moment: Argentina's military government, which took power in March 1976, ruled by decree-law rather than through congress, and currency legislation followed accordingly. Notes bearing this reference were issued under Law 20,695, which reframed the Banco Central's operating authority. The phrase appearing on the face was not decorative — it carried legal weight, identifying the statutory basis under which the note was valid tender.

Casa de Moneda production figures for this series were relatively modest, and the issue span bridged the Perón government's final period and the junta's first year — two very different political regimes sharing the same paper.

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