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50 Centavos

Issuer Banco Central de la República Argentina
Year 1948-1950
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Size 115 × 64 mm
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Obverse description Central vignette of an allegorical female figure representing Progress, seated and facing left, resting her right hand upon a shield bearing the Argentine coat of arms while raising a lit torch in her left hand. The design is framed by fine guilloche borderwork with denomination numerals at the corners. Inscriptions identifying the issuing authority and the governing legislation appear across the upper and lower registers.
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Reverse lettering REPUBLICA ARGENTINA 50 CENTAVOS
(Translation: ARGENTINE REPUBLIC 50 CENTS)
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Comments

Mouchon was a French engraver best known for designing postage stamps — his work on Argentine banknotes was essentially a job-for-hire through the Buenos Aires printing establishment, and his name appearing on small-denomination notes like this one is more a reflection of Argentina's interwar reliance on European design talent than any particular prestige commission.

The 1948–1950 dating spans the early Perón years, when the nationalization of the Banco Central in 1946 had already reoriented it as an instrument of state economic policy rather than an independent institution. A 50 centavos note in this period was genuinely useful tender — inflation had not yet eroded small denominations into irrelevance, though that would come.

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