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1 Peso
| Issuer | Provincia de Chaco |
|---|---|
| Year | 2001-2002 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Peso Convertible(1992-date) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse carries a typeset text block presenting multiple articles of the authorising provincial law, arranged in justified columns across the note face. Ornate guilloche border panels in dark ink frame the left and right margins, each incorporating the denomination numeral '1' and the legend 'UN PESO' at the lower corners. The text concludes with the place and date of issue: Resistencia, 3 de Octubre de 2001. |
| Reverse lettering | CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DEL CHACO `QUEBRACHO` LEY N° 4951/01 - DECRETO N° 2137/01.- Artículo 4: ... (Translation: CERTIFICATES OF CANCELLATION OF OBLIGATIONS FROM THE PROVINCE OF CHACO `QUEBRACHO` LAW N ° 4951/01 - DECREE N ° 2137/01.- Article 4: ...) |
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| Comments |
The Chaco peso is one of dozens of provincial quasi-currencies that proliferated across Argentina during the 2001–2002 convertibility collapse, when provincial governments, cut off from federal transfers and unable to print pesos, began issuing their own interest-bearing bonds as de facto wages and payment instruments. Chaco was among the poorer northern provinces, chronically dependent on federal co-participation funds, which made the crisis hit harder and faster there than in wealthier districts.
Casa de Moneda's involvement gave these notes physical credibility they might otherwise have lacked — the same facility that printed official Argentine currency was now producing provincial scrip, a peculiar institutional irony that was never lost on the public using them.