Million Pesos

“The one who bets on the dollar loses”: the million-peso bill, symbol of the economic failure of the military government

In November 1981, the Central Bank of the Argentine Republic issued the highest denomination banknote in the world. Faced with the collapse of the economy, the replacement of then-de facto president Roberto Viola by Leopoldo Galtieri and the arrival of Jorge Anaya in the Navy gave rise to Operation Malvinas as an escape valve