Argentina Banknotes 1 Peso banknote 1951 Efigie del Progreso
Central Bank of Argentina - Banco Central de la República Argentina
Obverse: On the left side is an allegory of Progress - "Progress's Effigy" ("Efigie del Progreso"). Denomination in words centered, in numeral in top right corner. Signature: Bosio & Gуmez Morales.
Reverse: Framed pattern. In right window, inside the framed pattern, is the coat of arms of Argentina. In left window, inside the framed pattern, is the same abbreviation as watermark - AR. Denominations in numerals are in three corners, in words centered.
Watermark: In top left corner are the letters AR as Argentina. Centered is an inscription - Un Peso.
Printer: Casa de Moneda de la Nación, Buenos Aires, Argentina.
Another common allegorical figure, in this on banknotes, is an Effigy of Progress which features a woman sitting, holding an Argentine shield with one hand and a lighted torch with the other. The design, which is usually attributed to the French writer Louis-Eugène Mouchon, was carried out for illustrating the front of the peso moneda nacional banknotes as a result of Act. 3505 of 20 September 1897, which authorized the "Caja de Conversión" (The caja de conversión was the body responsible for maintaining the value of the Argentine peso in gold, as part of the currency board that operated in Argentina before 1935. It was a precursor of sorts to the Argentine Currency Board of the 1990s) to renew and unify all paper currencies in the period.
The Effigy of Progress would be present in all series of banknotes by the Caja de Conversión from 1899 until 1935, when it was replaced by the Central Bank of Argentina, and will not be replaced until 1942, when the Central Bank made its first series of banknotes. The same figure, surrounded by laurels, reappears half a century later on the back of all austral banknotes.
Apart from being identified with Progress, whose formalization is posterior, the figure was initially interpreted as an Effigy of the Republic.