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500 000 Australes - Provisional Issue
| Issuer | Banco Central de la República Argentina |
|---|---|
| Year | 1990 |
| Type | Log in to see details |
| Value | 500 000 Australes (500 000 ARA) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO CENTRAL DE LA REPUBLICA ARGENTINA QUINIENTOS MIL (Translation: Central Bank of the Argentine Republic / Five Hundred Thousand) |
| Reverse description | The reverse displays the denomination 'QUINIENTOS MIL AUSTRALES' repeated across the design, with the numeral value '500 MIL' set against a light blue underprint panel to the right. The composition retains elements of the parent note's reverse, adapted through overprinting to reflect the new currency unit. |
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| Comments |
Argentina's hyperinflationary crisis of 1989–1990 forced the Banco Central into a series of increasingly desperate stopgap measures. This provisional issue was created by overprinting existing stock — the 500,000 australes denomination was not printed fresh but stamped onto previously issued notes, a method that compressed production time when the presses could not keep pace with collapsing purchasing power.
The austral itself had been introduced in 1985 as a replacement for the peso, part of the Austral Plan that briefly stabilized the economy. By 1990 it was in freefall. This note's existence is essentially a record of that failure.