{"product_id":"argentina-p323-1-austral-1985-1989-unc-series-a-rivadavia","title":"Argentina P323 1 Austral 1985-1989 XF—Series A—Teal—1st President—R020K","description":"\u003cp\u003eArgentina's first Austral note marks a desperate monetary reset — a new currency born from hyperinflation, featuring the nation's great intellectual reformer on one side and the timeless figure of Liberty on the other.\u003c\/p\u003e\n\u003ch3\u003eFront\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eColors:\u003c\/strong\u003e teal\/blue-green dominant engraving; white\/light background; purple accents on numeral \"1\" and guilloche; teal rainbow motif upper center\u003c\/li\u003e\n\u003cli\u003ePortrait of \u003ca href=\"https:\/\/en.wikipedia.org\/wiki\/Bernardino_Rivadavia\" target=\"_blank\"\u003eBernardino Rivadavia\u003c\/a\u003e at center — Argentina's first president and pioneering reformer\u003c\/li\u003e\n\u003cli\u003eLarge stylized \"1\" numeral to right with purple guilloche overlay\u003c\/li\u003e\n\u003cli\u003eLatent image BCRA in security panel at left\u003c\/li\u003e\n\u003cli\u003eSeries A\u003c\/li\u003e\n\u003cli\u003eRainbow rosette motif upper center\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eSignatures:\u003c\/strong\u003e \u003ca href=\"https:\/\/www.bcra.gob.ar\" target=\"_blank\"\u003eHoracio A. Alonso (HAA)\u003c\/a\u003e, Deputy General Manager; Juan J. A. Concepción (JJAC), President\u003c\/li\u003e\n\u003cli\u003eInscriptions: \u003cem\u003eBANCO CENTRAL DE LA REPUBLICA ARGENTINA \/ Un Austral\u003c\/em\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3\u003eBack\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eColors:\u003c\/strong\u003e teal\/green dominant engraving; brown\/tan guilloche border at left; lavender\/purple underprint on right panel; multicolor pink, red, and green geometric strip at lower right\u003c\/li\u003e\n\u003cli\u003eAllegorical figure of Liberty seated at left-center, holding torch aloft in right hand and shield at left; coat of arms at her feet\u003c\/li\u003e\n\u003cli\u003eOlive branch and laurel framing the central vignette\u003c\/li\u003e\n\u003cli\u003eLarge numeral \"1\" in teal rectangle at upper right\u003c\/li\u003e\n\u003cli\u003eInscriptions: \u003cem\u003eREPUBLICA ARGENTINA \/ Un Austral \/ CASA DE MONEDA\u003c\/em\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3\u003eOther Characteristics\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eVarieties:\u003c\/strong\u003e\n\u003cul\u003e\n\u003cli\u003e\u003cstrong\u003ea. Series A, ND (1985–1986), sig HAA\/JJAC — this note\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cem\u003ear. Replacement (R1): Prefix R, suffix A, ND (1985–1986), sig HAA\/JJAC\u003c\/em\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cem\u003eb.1 Series B, ND (1986), sig JAP\/JJAC\u003c\/em\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cem\u003eb.2 Series B, ND (1986–1988), sig ES\/JLM\u003c\/em\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cem\u003eb.3 Series C, ND (1988–1989), sig ES\/JLM\u003c\/em\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cem\u003eb.3r Replacement (R2): Prefix R, suffix A, ND (1986–1989), sig ES\/JLM\u003c\/em\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCatalog numbers:\u003c\/strong\u003e P-323a; TBB B2801–B2810; Numista N#201738\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eWatermark:\u003c\/strong\u003e Multiple sunbursts\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eComposition:\u003c\/strong\u003e Paper\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eSize:\u003c\/strong\u003e 155 × 65 mm\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eIssuing entity:\u003c\/strong\u003e Central Bank of the Argentine Republic (Banco Central de la República Argentina)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003ePrinter:\u003c\/strong\u003e Casa de Moneda, Argentina\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eDemonetized:\u003c\/strong\u003e \u003ca href=\"https:\/\/en.wikipedia.org\/wiki\/Demonetization_(currency)\" target=\"_blank\"\u003e31 December 1991\u003c\/a\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eSignatures:\u003c\/strong\u003e \u003ca href=\"https:\/\/www.bcra.gob.ar\" target=\"_blank\"\u003eHoracio A. Alonso (HAA)\u003c\/a\u003e, Deputy General Manager; Juan J. A. Concepción (JJAC), President\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCurrency:\u003c\/strong\u003e \u003ca href=\"https:\/\/en.wikipedia.org\/wiki\/Argentine_austral\" target=\"_blank\"\u003eAustral\u003c\/a\u003e (1985–1991)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eOfficial language(s):\u003c\/strong\u003e Spanish\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3\u003eAbout Argentina\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eOrigin of name:\u003c\/strong\u003e From Latin \u003cem\u003eargentum\u003c\/em\u003e (silver), referencing the silver-rich Río de la Plata basin that lured Spanish conquistadors\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCapital:\u003c\/strong\u003e \u003ca href=\"https:\/\/en.wikipedia.org\/wiki\/Buenos_Aires\" target=\"_blank\"\u003eBuenos Aires\u003c\/a\u003e (city pop. ~3.1 million; metro pop. ~15.5 million, UN 2023) — comparable to the greater Chicago metro\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eOrigin of name:\u003c\/strong\u003e Spanish for \"good airs\" or \"fair winds,\" from the full colonial name \u003cem\u003eCiudad de la Santísima Trinidad y Puerto de Santa María de los Buenos Aires\u003c\/em\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003ePopulation:\u003c\/strong\u003e ~46 million (UN 2023) — comparable to California and Texas combined\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eArea:\u003c\/strong\u003e 2,780,400 km² (1,073,500 mi²) — comparable to India, or roughly the size of the contiguous US west of the Mississippi\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eGDP per capita (\u003ca href=\"https:\/\/en.wikipedia.org\/wiki\/Purchasing_power_parity\" target=\"_blank\"\u003ePPP\u003c\/a\u003e):\u003c\/strong\u003e ~$25,000 (IMF 2024)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eMain exports:\u003c\/strong\u003e Soybeans and soy products, corn, wheat, beef, lithium, crude oil\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eBorders:\u003c\/strong\u003e Chile (west), Bolivia and Paraguay (north), Brazil and Uruguay (northeast); Atlantic Ocean (east)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eOfficial\/spoken language:\u003c\/strong\u003e Spanish\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eEthnicities:\u003c\/strong\u003e \u003ca href=\"https:\/\/en.wikipedia.org\/wiki\/European_Argentines\" target=\"_blank\"\u003eEuropean Argentines\u003c\/a\u003e (~97%, predominantly Italian and Spanish descent); \u003ca href=\"https:\/\/en.wikipedia.org\/wiki\/Indigenous_peoples_in_Argentina\" target=\"_blank\"\u003eIndigenous peoples\u003c\/a\u003e (~3%)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eMemberships:\u003c\/strong\u003e \u003ca href=\"https:\/\/en.wikipedia.org\/wiki\/United_Nations\" target=\"_blank\"\u003eUN\u003c\/a\u003e (founding member, 1945); \u003ca href=\"https:\/\/en.wikipedia.org\/wiki\/Organization_of_American_States\" target=\"_blank\"\u003eOAS\u003c\/a\u003e (founding member, 1948); \u003ca href=\"https:\/\/en.wikipedia.org\/wiki\/Mercosur\" target=\"_blank\"\u003eMercosur\u003c\/a\u003e (founding member, 1991); \u003ca href=\"https:\/\/en.wikipedia.org\/wiki\/G20\" target=\"_blank\"\u003eG20\u003c\/a\u003e (1999); \u003ca href=\"https:\/\/en.wikipedia.org\/wiki\/World_Trade_Organization\" target=\"_blank\"\u003eWTO\u003c\/a\u003e (1995)\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eSovereignty:\u003c\/strong\u003e\n\u003cul\u003e\n\u003cli\u003eViceroyalty of the Río de la Plata (1776–1810) — Spanish colonial administration\u003c\/li\u003e\n\u003cli\u003eMay Revolution (1810) — beginning of independence movement\u003c\/li\u003e\n\u003cli\u003eDeclaration of Independence (1816)\u003c\/li\u003e\n\u003cli\u003eFederal Republic established (1861–date) — this note issued during this period\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch3\u003eArgentina Unfiltered\u003c\/h3\u003e\n\u003cul\u003e\n\u003cli\u003eArgentina has defaulted on its sovereign debt \u003cstrong\u003enine times\u003c\/strong\u003e — more than almost any other country in history; the Austral itself was introduced after the Peso Argentino collapsed under 3,000% inflation\u003c\/li\u003e\n\u003cli\u003eThe country once had \u003cstrong\u003efive presidents in ten days\u003c\/strong\u003e (December 2001–January 2002) during its worst economic crisis\u003c\/li\u003e\n\u003cli\u003eArgentina is the \u003cstrong\u003eworld's largest producer of yerba mate\u003c\/strong\u003e and consumes more of it per capita than any other nation\u003c\/li\u003e\n\u003cli\u003eBuenos Aires has more \u003cstrong\u003epsychoanalysts per capita\u003c\/strong\u003e than any city on Earth — therapy is so embedded in culture it's called \u003cem\u003eel psicoanálisis argentino\u003c\/em\u003e\n\u003c\/li\u003e\n\u003cli\u003eThe country has produced \u003cstrong\u003efive Nobel Prize winners\u003c\/strong\u003e, including two in medicine and one in peace\u003c\/li\u003e\n\u003cli\u003eArgentina's \u003ca href=\"https:\/\/en.wikipedia.org\/wiki\/Patagonia\" target=\"_blank\"\u003ePatagonia\u003c\/a\u003e region contains some of the world's largest untapped freshwater reserves and lithium deposits — resources that will define the 21st century\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003ch2\u003eA Currency Born from Chaos\u003c\/h2\u003e\n\u003cp\u003eBy 1985, Argentina's Peso Argentino had become nearly worthless. Inflation was running at over 1,000% annually. The government's answer was the \u003cstrong\u003eAustral\u003c\/strong\u003e — introduced on June 14, 1985, at a rate of 1,000 Pesos Argentinos to 1 Austral. It was a bold stroke of monetary surgery, accompanied by the \u003cem\u003ePlan Austral\u003c\/em\u003e — a shock stabilization program that briefly worked. Inflation fell from 1,129% in 1985 to 82% in 1986. But the underlying fiscal problems were never solved, and by 1989 inflation had returned with a vengeance, eventually reaching \u003cstrong\u003e3,079% in 1989\u003c\/strong\u003e — one of the worst hyperinflationary episodes in world history.\u003c\/p\u003e\n\u003ch2\u003eBernardino Rivadavia — The Reformer Who Came Too Early\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eBernardino Rivadavia\u003c\/strong\u003e (1780–1845) was Argentina's first president (1826–1827) and one of its most visionary — and tragic — figures. He founded the University of Buenos Aires, abolished the Inquisition, promoted religious tolerance, and attempted to modernize the young republic along European liberal lines. He was also the first head of state in the Americas to abolish slavery in his jurisdiction. But his centralist policies alienated the provinces, and he resigned after just over a year in office, dying in exile in Cádiz, Spain. His face on the Austral is a quiet tribute to the idea that Argentina's best instincts — toward education, openness, and reform — have always struggled against its worst.\u003c\/p\u003e\n\u003ch2\u003eLiberty, Torch, and Shield\u003c\/h2\u003e\n\u003cp\u003eThe reverse figure is a classical allegory of \u003cstrong\u003eLiberty\u003c\/strong\u003e — robed, seated, torch raised, shield at her side bearing Argentina's coat of arms. It is the same iconographic tradition that produced the Statue of Liberty and countless revolutionary-era coins and notes across the Americas. On a note born from economic collapse, the image carries an almost defiant optimism: the republic endures, even when its currency does not.\u003c\/p\u003e\n\u003cp\u003eOwn this first-issue Series A Austral in UNC condition — a crisp artifact of one of the most dramatic monetary experiments in Latin American history, featuring two of Argentina's most enduring symbols on a note that lasted just six years before the next reset.\u003c\/p\u003e","brand":"World Money Store","offers":[{"title":"Default Title","offer_id":52436952383799,"sku":"AR323aXF","price":0.39,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0969\/7165\/3431\/files\/323-series-A-o.jpg?v=1781092306","url":"https:\/\/worldmoneystore.com\/products\/argentina-p323-1-austral-1985-1989-unc-series-a-rivadavia","provider":"World Money Store","version":"1.0","type":"link"}