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50 Pesos Overprint on 5 000 Pesos
| Issuer | Banco Central de la República Argentina |
|---|---|
| Year | 1969-1971 |
| Type | Log in to see details |
| Value | 50 Pesos (50 ARL) |
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| Obverse description | Olive-green and brown intaglio print on a guilloche underprint. A portrait vignette of General José de San Martín in military uniform is positioned at right. A black overprint bearing the new denomination and currency designation under Ley 18.188 is applied over the original face of the note. |
|---|---|
| Obverse lettering | 50 PESOS LEY 18.188 EL BANCO CENTRAL REPUBLICA ARGENTINA PAGARA AL PORTADOR Y A LA VISTA CINCO MIL PESOS MONEDA NACIONAL 5000 PESOS (Translation: 50 Pesos Law 18,188 The Central Bank of the Argentine Republic will pay the bearer on demand Five Thousand Pesos National Currency 5000 Pesos) |
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| Comments |
Argentina's chronic inflation required a currency reform in 1969 — the Ley 18.188 converted old pesos moneda nacional to new pesos argentinos at a rate of 100:1, effectively lopping two zeros off the denomination structure. Rather than print an entirely new series immediately, the Casa de Moneda applied overprints to existing high-denomination stock. This note is a direct product of that stopgap: a 5,000-peso note restruck as 50 pesos argentinos.
The overprint program was short-lived. By 1971 a dedicated replacement series was sufficiently in production to phase out the converted notes, limiting their window of actual circulation to roughly two years.