Rule · BCRA · 2 Mar 1987 · A 992
The Central Bank of the Republic Argentina mandates the withdrawal from circulation of Argentine Peso ($a) banknotes in denominations of 5, 10, 50, 100, and 500 starting May 31, 1987, and banknotes of 1,000, 5,000, and 10,000 starting November 30, 1987. The public may exchange the 5 to 500 peso notes until September 30, 1987, and the 1,000 to 10,000 peso notes until March 31, 1988. Financial institutions must deposit these withdrawn notes at the Central Bank or Regional Treasuries by January 31, 1988 for the lower denominations and July 31, 1988 for the higher denominations, with banks in La Pampa and Buenos Aires provinces delivering their shipments to the Bank of the Nation Argentina.
CENTRAL BANK OF THE ARGENTINE REPUBLIC
COMMUNICATION "A" 992 02/03/87
TO FINANCIAL ENTITIES:
Ref.: Monetary Circulation Circular - CIRMO -
1 - 25. Cessation of legal tender and demonetization of banknotes of the Argentine Peso line ($a).
We address you to bring to your knowledge that this Bank has ordered that banknotes of $a 5, 10, 50, 100 and 500, of the Argentine Peso line, will be withdrawn from monetary circulation starting from May 31, 1987. The aforementioned specimens must be exchanged with the public until September 30, 1987.
Likewise, banknotes (with and without revalidation) of $a 1,000, 5,000 and 10,000 of the Argentine Peso line, will be withdrawn from monetary circulation on November 30, 1987 and may be exchanged until March 31, 1988.
The aforementioned values will be deposited in the Central Bank or in the Regional Treasuries, for which they will have a period whose deadline will operate on January 31, 1988, for banknotes of 5, 10, 50, 100 and 500 Argentine pesos, and on July 31, 1988, for banknotes (with and without revalidation) of 1,000, 5,000 and 10,000 Argentine pesos.
Bank houses located in the Province of La Pampa and the Province of Buenos Aires will deliver their shipments to the Bank of the Nation Argentina.
We will timely send you the sheet that corresponds to incorporate into the ordered text given known by Circular CIRMO - 1.
We greet you very attentively.
CENTRAL BANK OF THE ARGENTINE REPUBLIC
Héctor J. Baldo
Treasury Manager
Elías Salama
General Manager
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