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50 000 Australes - Provisional Issue
| Issuer | Banco Central de la República Argentina |
|---|---|
| Year | 1989 |
| Type | Standard circulation banknote |
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| Obverse description | Provisional overprint issue with the word 'PESOS' blocked out and the new denomination applied in its place. A vignette portrait of José de San Martín appears at the right. The issuer name and denomination are rendered in intaglio across a guilloche underprint. |
|---|---|
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| Protection type | Watermark |
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| Comments |
Argentina's hyperinflation crisis of 1989 rendered existing denominations obsolete faster than new notes could be designed and printed. The provisional solution was straightforward: overstamp existing 5 Australes notes with a new value, effectively multiplying the face denomination by 10,000. That ratio alone tells you something about the speed of monetary collapse that year, when annual inflation exceeded 3,000 percent.
The overprint was applied by Casa de Moneda in Buenos Aires — the same facility that had printed the underlying note — which at least ensured some consistency in paper and security feature alignment. Collectors should check overprint registration carefully; misaligned applications are known within the series.