Catalog
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| Issuer | Provincia de La Rioja |
|---|---|
| Year | 1986 |
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| Composition | Paper |
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| Obverse description | The obverse is printed in violet and pink tones, with a portrait vignette of a male figure occupying the right portion of the note against a fine guilloche underprint. The left side carries a vertical panel with the denomination inscription 'Cincuenta Centavos' and geometric ornamental elements, alongside a barcode-style serial number block. Central inscriptions read 'PROVINCIA DE LA RIOJA / BONO CANCELACION DE DEUDA / LEY 4534' with the denomination numeral 'A0,50' in large figures at lower right, and two facsimile signatures above the imprint 'CASA DE MONEDA'. |
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| Obverse lettering | PROVINCIA DE LA RIOJA BONO CANCELACION DE DEUDA LEY 4534 SERIE B AL PORTADOR Y A LA VISTA MINISTRO DE HACIENDA Y O.P. GOBERNADOR A0,50 Cincuenta Centavos CASA DE MONEDA |
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| Comments |
La Rioja issued this fractional note during the acute fiscal disarray of Argentina's mid-1980s, when several provinces resorted to quasi-currency to meet payroll and local obligations that the federal government could not adequately fund. The national Austral itself had only been introduced in June 1985 as a stabilization measure following the Austral Plan — replacing the Peso Argentino at 1,000:1 — so a provincially issued half-Austral note speaks to how quickly that optimism unraveled at the subnational level.
Casa de Moneda handled the printing, which gave the note a degree of technical legitimacy despite its emergency origins. Provincial scrip of this period was frequently redeemed at a discount, if at all.