The “Oscars of notes”, is that a thing? Well yes it is, and the swanky Argentine 500 peso note is in the running alongside eleven others from around the world this year. The annual note of the year competition is pioneered by the International Bank Note Society (IBNS), with the winner being revealed next April.

The IBNS, a non-profit organization, was started in 1961 and has been active ever since with more than 20,000 members spanning nearly 100 countries. The note of the year contest was introduced in 2005, with the security savvy Argentine “Jaguar note” fitting the bill this year. All the notes in the competition must have been introduced this year and be in general circulation throughout their country. With judges looking for artistic merit, use of color, contrast, balance and security characteristics.

Introduced in June this year the 500 peso note is featured as part of a string of larger denomination notes coming into circulation in Argentina, helping the Central Bank save on printing and transporting money. The theme of these notes feature animals as opposed to historical figures. “National currency has to be a sort of meeting point in which all Argentines can feel represented. At the same time, we also want to raise awareness of environmental conservation” justified the Central bank.

The other contenders:

Last year’s winner was New Zealand’s $5 note with the Malvinas’ 50 peso bill making the short-list.