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10 centavos
| Issuer | Provincia de La Rioja |
|---|---|
| Year | 1986 |
| Type | Local banknote |
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| Obverse description | Orange and yellow note with a vignette of Juan Facundo Quiroga to the right, printed in intaglio. The upper portion carries the issuer title and law reference in bold letterpress, with the text AL PORTADOR Y A LA VISTA centered below. Two manuscript signatures appear at lower center above the titles MINISTRO DE HACIENDA Y G.P. and GOBERNADOR, with the serial number and large denomination numeral A0,10 at lower right; a barcode and colored geometric underprint elements occupy the left margin. |
|---|---|
| Obverse lettering | PROVINCIA DE LA RIOJA BONO CANCELACION DE DEUDA SERIE A LEY 4534 AL PORTADOR Y A LA VISTA Diez Centavos (Translation: LA RIOJA PROVINCE DEBT CANCELLATION BONUS SERIES A LAW 4534 TO THE BEARER AND AT SIGHT Ten Centavos) |
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| Comments |
La Rioja's 1986 emergency notes are among the more unusual episodes in Argentine provincial fiscal history. Facing chronic delays in federal transfers and a provincial treasury that couldn't meet payroll, La Rioja issued its own quasi-currency — the "bocade" series — under legal authority granted to provinces during the accelerating hyperinflationary spiral that would culminate in the 1989 Austral collapse. These circulated locally as wage substitutes, accepted in provincial transactions but exchangeable at par with federal currency in theory, and at a discount in practice.
Casa de Moneda's involvement gave the notes a degree of official legitimacy uncommon in provincial scrip. Several other Argentine provinces followed with similar instruments between 1985 and 1992.