1000 Pesos

The 1000 Peso note existed in an almost impossible position: issued as Argentina's highest-denomination paper note while inflation was simultaneously making it worth less than a single US cent at the black-market rate. The Banco Central printed successive waves across three printers — Casa de Moneda in Buenos Aires, CBPM in China, and the FNMT in Madrid — simply because domestic production capacity could not keep pace with demand for physical currency driven by hyperinflationary conditions.

The China Banknote contract is the detail worth noting. Argentina had used CBPM intermittently since the 1980s, but the 2023–2024 volume orders reflected acute shortfalls at home.