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10 Pesos
| Issuer | Provincia de Chaco |
|---|---|
| Year | 2001-2002 |
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| Currency | Peso Convertible(1992-date) |
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| Obverse description | Intaglio-engraved portrait bust of Manuel Obligado at right, on a pale yellow ground with guilloche underprint and ornate floral vignette at left. The Argentine provincial coat of arms appears at upper centre-left alongside the denomination numeral '10' in green at lower right and upper left. Two facsimile signatures appear below the denomination text, attributed to the Tesorero General and the Ministro de Economía, Obras y Servicios Públicos. |
|---|---|
| Obverse lettering | PROVINCIA DEL CHACO CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DEL CHACO "QUEBRACHO" AL PORTADOR LEY N° 4951/01 - DECRETO N° 1690/01 FECHA DE EMISIÓN: TASA DE INTERES 12 de Octubre de 2001 8% ANUAL FECHA DE VENCIMIENTO FECHA DE VENCIMIENTO INTERES 1° CUOTA: CAPITAL E INTERESES 2° CUOTA: 12 de OCTUBRE de 2002 12 de ABRIL 2003 DIEZ PESOS SERIE 1 TESORERO GENERAL MINISTRO DE ECONOMIA OBRAS Y SERVICIOS PUBLICOS MANUEL OBLIGADO CASA DE MONEDA (Translation: CHACO PROVINCE CERTIFICATES OF CANCELLATION OF OBLIGATIONS OF THE PROVINCE OF CHACO "QUEBRACHO" TO THE BEARER LAW N° 4951/01 - DECREE N° 1690/01 ISSUE DATE: INTEREST RATE October 12, 2001 8% ANNUAL EXPIRATION DATE INTEREST 1ST INSTALMENT: EXPIRATION DATE CAPITAL AND INTEREST 2ND INSTALMENT: OCTOBER 12, 2002 APRIL 12, 2003 TEN PESOS SERIES 1 GENERAL TREASURER MINISTER OF ECONOMY PUBLIC WORKS AND SERVICES MANUEL OBLIGADO CASA DE MONEDA) |
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| Comments |
The Provincia del Chaco note is one of dozens of provincial emergency currencies that flooded Argentina during the 2001–2002 economic collapse, when the federal government froze bank deposits under the *corralito* and provinces lost access to federal transfers. Chaco, chronically one of Argentina's poorest provinces, began issuing these *cuasimonedas* — quasi-monies — to pay public sector wages and keep local commerce moving. They were legal tender only within provincial borders, accepted under effective compulsion by merchants who had little alternative.
Casa de Moneda's involvement gave the series more physical credibility than some provincial emissions of the period, but that didn't stop widespread public reluctance to accept them at face value.