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500 Pesos with 'Ley' on Obverse
| Issuer | Banco Central de la República Argentina |
|---|---|
| Year | 1972-1973 |
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| Value | Log in to see details |
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| Composition | Cotton paper |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
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| Reverse lettering | REPUBLICA ARGENTINA Cerro de la Gloria - Mendoza QUINIENTOS PESOS (Translation: Argentine Republic / Glory Hill - Mendoza / Five Hundred Pesos) |
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| Protection type | Watermark |
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| Comments |
Argentina's 500-peso notes of this period carry the word "Ley" — short for Ley 18.188 — as part of the denomination, a legal designation introduced in 1970 when the peso moneda nacional was replaced by the peso ley at a rate of 100 to 1. The reform was less a stabilization than an accounting exercise; inflation continued largely uninterrupted through the early 1970s, and notes of this face value were themselves rendered inadequate within a few years.
Two signature combinations exist across the series' short run, both involving Alfredo González as one signatory — an unusual continuity given Argentina's political turbulence at the time. The 1973 pairing with José Beiró corresponds to the final months before Perón's return to power.