The new bank note will go into circulation next month, Alejandro Vanoli, president of the central bank, announced on Monday. The design of the note was unveiled last year by President Cristina Kirchner, on the 32nd anniversary of the Argentine invasion of the British archipelago, which in Argentina is termed the Malvinas.

The 50 peso note, worth 3.70, has been designed and produced by Argentina's Mint House, and shows the map of the South Atlantic territories and another map of Latin America and the Caribbean - meant to show the support Argentina has rallied among regional nations in its long-standing sovereignty dispute against London.

On the other side features an image of Gaucho Antonio Rivero - an Argentine rancher, or gaucho, who in 1833 is alleged to have headed the resistance fight against the British occupation of the archipelago.

The notes were swiftly ridiculed by the Islanders themselves.

"Surprised they can afford a colour printer," said one, referring to the struggling Argentine economy.

He then tweeted a photo of the Falkland Islands currency, which features the image of the Queen.

"At least we stick to the facts."

Argentinas economy contracted 1.5 per cent last year and will shrink 1.4 per cent this year before growing 2.6 per cent in 2016, according to economists surveyed by Bloomberg.

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Argentina's new 'Malvinas' bank note ridiculed by Falkland Islanders