The Numismatic Bibliomania Society

PREV ARTICLE       NEXT ARTICLE       FULL ISSUE       PREV FULL ISSUE      

V18 2015 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 18, Number 9, March 1, 2015, Article 27

ARGENTINA'S NEW BANKNOTE RILES FALKLAND ISLANDERS

Banknotes are a wonderful canvas for playing politics. Here's a story about a new banknote from Argentina that tweaks Britain over the Falkland Islands. -Editor

Argentina 50 Peso banknote

Argentina's redesign of their 50 peso note to include the Falklands has been mocked by residents of the islands.

The new bank note will go into circulation next month, Alejandro Vanoli, president of the central bank, announced on Monday. The design of the note was unveiled last year by President Cristina Kirchner, on the 32nd anniversary of the Argentine invasion of the British archipelago, which in Argentina is termed the Malvinas.

Mr Vanoli on Monday gave the bank's reasons for the redesign, which is being launched under the slogan: "Malvinas Islands: A sovereign love."

He said the note is aimed at "incorporating a new element of daily use to the inalienable demand over the Malvinas Islands."

The 50 peso note, worth £3.70, has been designed and produced by Argentina's Mint House, and shows the map of the South Atlantic territories and another map of Latin America and the Caribbean - meant to show the support Argentina has rallied among regional nations in its long-standing sovereignty dispute against London.

On the other side features an image of Gaucho Antonio Rivero - an Argentine rancher, or gaucho, who in 1833 is alleged to have headed the resistance fight against the British occupation of the archipelago.

Argentina 50 Peso banknote

The notes were swiftly ridiculed by the Islanders themselves.

"Surprised they can afford a colour printer," said one, referring to the struggling Argentine economy.

To read the complete article, see:
Argentina's new 'Malvinas' bank note ridiculed by Falkland Islanders (www.telegraph.co.uk/news/worldnews/southamerica/falklandislands/
11431753/Argentinas-new-Malvinas-bank-note-ridiculed-by
-Falkland-Islanders.html)

Dick Hanscom forwarded another article on the note from the BBC News. Thanks. -Editor

BBC Mundo's reporter in Buenos Aires Veronica Smink says the negative reaction to the note was mostly to do with its value, rather than people's feelings about the disputed islands. Many felt the Government should have issued a 500-peso ($57) note instead. Argentina has one of the highest inflation rates in the world, estimated by independent experts to stand at over 35% in 2014, double the official figure. Currently the highest value banknote in Argentina is 100-peso ($11.50) .

The new banknote was noticed in the Falkland islands too. People there voted to remain a British overseas territory in 2013. On Twitter, they used the economic crisis in Argentina to mock the bank note.

To read the complete article, see:
Falklands banknote leaves Argentineans underwhelmed (www.bbc.com/news/blogs-trending-31649483)

Charles Morgan and Hubert Walker published a detailed article on this note in CoinWeek. -Editor

To read the complete CoinWeek article, see: Argentina to Issue New 50 Peso Falkland Islands Note (www.coinweek.com/expert-columns/hubert-walker/argentina-to-issue-new-50-peso-falkland-islands-note/)

For more information on the 1982 Falkands war, see:
http://en.wikipedia.org/wiki/Falklands_War



Wayne Homren, Editor

Google
 
NBS (coinbooks.org) Web

The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.

To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

To subscribe go to: https://my.binhost.com/lists/listinfo/esylum

PREV ARTICLE       NEXT ARTICLE       FULL ISSUE       PREV FULL ISSUE      

V18 2015 INDEX       E-SYLUM ARCHIVE

Copyright © 1998 - 2012 The Numismatic Bibliomania Society (NBS)
All Rights Reserved.

NBS Home Page
Contact the NBS webmaster
coin