The Central Bank of the Argentine Republic (BCRA) put a new $10,000 banknote into circulation on May 7, 2024. Argentina’s ongoing high inflation necessitated the issuance of this high denomination note. BCRA explains that the 10,000-pesos bill “will facilitate transactions between users, make the logistics of the financial system more efficient and allow costs to be significantly reduced.”
The last time Argentina had a 10,000-peso note in circulation was in the 1980’s. That note was removed from circulation in 1985.
Recent plans were modified
As we reported in 2022, BCRA was planning a into circulation. However, last December that plan was modified. Of the four denominations in the pipeline (100-, 200-, 500- and 1,000- pesos) only one—the 1,000-pesos note—was put into circulation. Plans for the other notes were scrapped, primarily due to hyperinflation. Subsequently, a 2,000-pesos note was also put into circulation.
A closer look at the 10,000-pesos banknote
The visual design of the new 10,000-pesos note is based on the design of what was to have been a new 500-pesos note, illustrated in our 2022 article. Let’s take a closer look at what is depicted in the $10,000-pesos note:
Front side
On the front of the banknote, the primary images are portraits of Maria Remedios del Valle and Manuel Belgrano, both great heroes of Argentina’s War of Independence.
Back side
The reverse side of the note illustrates the scene of Argentina’s Pledge of Allegiance held on February 27, 1812. The Argentine Republic coat of arms appears to the right of the series and number.
The note is printed on paper and measures 155mm x 65mm.
Security features to thwart counterfeiters
Several security features are integrated into the new banknote, with the goal of preventing counterfeiting. Some of the security features are as follows:
On the front side:
- A watermark field containing the portraits of María Remedios del Valle and Manuel Belgrano, with their initials.
- A stylized sun with a human face and the denomination, all in SPARK Flow® optically variable ink that changes from gold to green.
- A red windowed RAPID® HD Detect micro-optic security thread with a dynamic motion effect and “BCRA.”
- Denomination “10000” as a registration device.
On the reverse side:
- A watermark field at the right side.
- Denomination “10000” as a registration device.
Feature to help visually impaired consumers
Consumers who are blind or otherwise visually impaired can identify the note’s denomination thanks to the special lines in raised (tactile) print. The diagonal lines are located on both the left and right edges on the face of the banknote.
Looking toward the future
The BCRA plans to introduce a new 20,000-pesos banknote later this year. It is possible that the plan may change due to Argentina’s struggling economy. Check back with us for future developments.
Sources/References:
Central Bank of the Republic of Argentina
Notafilia
Buenos Aires Times
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