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5000 Australes
| Issuer | Banco Central de la República Argentina |
|---|---|
| Year | 1989-1991 |
| Type | Standard circulation banknote |
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| Obverse description | Intaglio portrait vignette of Miguel Juárez Celman at centre, rendered in fine engraved lines against a multicolour guilloche underprint in red and orange tones. The large numeral '5000' appears at upper right within an ornate rosette border, accompanied by floral scroll work and a central bank emblem. The issuer's name runs vertically in red along the left margin, with two manuscript facsimile signatures and their respective titles — Presidente and Gerente General — positioned to the left of the portrait. |
|---|---|
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| Protection type | Watermark |
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| Comments |
The 5000 Australes denomination existed because the Austral itself was collapsing. Introduced in 1985 as a stabilization currency — with a conversion rate of 1000 Pesos Argentinos to 1 Austral — the unit was rapidly consumed by hyperinflation that peaked at nearly 3,000% annually in 1989. The 5000 Australes note appeared precisely because smaller denominations had become functionally useless within months of being printed.
Casa de Moneda struggled to keep pace with demand throughout this period. Notes from the 1989–1991 window often show uneven ink density and accelerated paper wear consistent with extreme velocity of circulation — these were not notes people held.
The Austral series was retired in 1992 when the Peso Convertible replaced it at 10,000 Australes to 1 Peso.