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10 Pesos

Issuer Provincia de Mendoza
Year 2002
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Composition Paper
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Obverse description An oil derrick vignette occupies the right portion of the note against a guilloche underprint in rose and violet tones, with the numeral '10' printed in large format on the left side and repeated in the lower centre. The title 'PROVINCIA DE MENDOZA' appears across the top, below which the full treasury bill inscription and the 'PETROM' series name are set in letterpress. Two signature lines for the Contador General and Tesorero General de la Provincia appear in the lower centre, with the Casa de Moneda imprint at the bottom left and the Argentine provincial arms at the lower right.
Obverse lettering PROVINCIA DE MENDOZA
LETRAS DE TESORERIA GARANTIZADAS CON REGALIAS PETROLIFERAS
PETROM
AL PORTADOR
DIEZ
PESOS VALOR NOMINAL
10
CONTADOR GENERAL DE LA PROVINCIA
TESORERO GENERAL DE LA PROVINCIA
CASA DE MONEDA
(Translation: MENDOZA PROVINCE / TREASURY BILLS GUARANTEED WITH OIL ROYALTIES / PETROM / TO THE BEARER / TEN / PESOS NOMINAL VALUE / COMPTROLLER GENERAL OF THE PROVINCE / TREASURER GENERAL OF THE PROVINCE / MINT)
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Comments

Mendoza's 2002 emergency note was one of dozens of provincial quasi-currencies — known collectively as "cuasimonedas" — that flooded Argentina following the December 2001 convertibility collapse and the federal freeze on bank deposits. With the peso pegged and then shattered, provinces lacking federal transfers began printing their own obligations to pay government salaries and keep local commerce moving. Mendoza's series circulated alongside similar instruments from Buenos Aires, Entre Ríos, and Corrientes, among others.

Casa de Moneda printed these under contract, which gave the provincial notes a more finished appearance than some counterparts — La Rioja's "Riojanos," for instance, were produced under considerably less controlled conditions. Federal reabsorption of the cuasimonedas began in 2003.

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