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10.000 Australes

Issuer Provincia de Salta
Year 1991
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In circulation to 1991
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Reverse description The reverse is printed in black on white paper and carries the full legislative text of the bond issuance, structured in numbered articles authorising the Poder Ejecutivo to issue these Bonos de Cancelación de Deudas up to a total of A$120,000,000. The heading reads PROVINCIA DE SALTA – BONO CANCELACIÓN DE DEUDA – LEYES 6228 – 6495, with the denomination A10.000 repeated vertically in the right margin. The text references Decreto 277 del 23 de febrero de 1990 and specifies the terms, numeración correlativa, and conditions of payment.
Reverse lettering PROVINCIA DE SALTA – BONO CANCELACIÓN DE DEUDA – LEYES 6228 – 6495
A10.000
Emisión de Australes diez mil millones (A$ 10.000.000.000). Decreto 277 del 23 de febrero de 1990.
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Comments

Salta's provincial emergency notes of 1991 were a direct consequence of Argentina's federal fiscal collapse. When the central government could no longer guarantee salary payments to provincial employees, several provinces — Salta among them — issued their own quasi-currency, technically bonds but functioning as circulating money. These were locally called "patacones" or simply "bonos," depending on the province, and were generally accepted in local commerce out of necessity rather than confidence.

The Casa de Moneda printing is worth noting: despite the fiscal desperation driving these issues, Salta used the national mint rather than a cheaper private printer — an unusual choice that gave the notes a degree of physical credibility they might otherwise have lacked.

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