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100 Pesos
| Issuer | Provincia de Río Negro |
|---|---|
| Year | 1995-1996 |
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| Printer | Casa de Moneda |
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| Obverse description | The provincial coat of arms of Río Negro appears at the left, set against a fine guilloche underprint in blue and grey tones. The central vignette carries the large numeral '100' above the legend 'CIEN PESOS', with the full title 'CERTIFICADOS DE DEUDA DE LA PROVINCIA DE RIO NEGRO' in bold letterpress to the right. Two facsimile signatures appear at the lower right, attributed to the Minister of Finance, Public Works and Services and the Governor, with the imprint of Casa de Moneda at the lower left. |
|---|---|
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| Reverse lettering | CERTIFICADOS DE DEUDA DE LA PROVINCIA DE RIO NEGRO Artículo 1°.- Autorízase al Poder Ejecutivo a disponer la emisión de 'Certificados de Deuda de la Provincia de Río Negro' (CEDERN) para ser aplicados al pago total o parcial de las obligaciones del sector público provincial, comprendidas a la Constitución Provincial y Decretos Autorizantes. Dichos bonos serán cancelados con participación del Estado y los restantes Poderes del Estado, hasta la suma de pesos cien millones ($ 100.000.000). Artículo 2°.- ... Artículo 6°.-... (Translation: DEBT CERTIFICATES OF THE PROVINCE OF RIO NEGRO Article 1.- The Executive Branch is authorised to issue 'Debt Certificates of the Province of Río Negro' (CEDERN) to be applied to total or partial payment of provincial public sector obligations... Article 2.- ... Article 6.- ...) |
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| Comments |
Río Negro was one of several Argentine provinces that issued quasi-money during the 1990s under the Convertibility Plan — a legally peculiar situation in which provinces, barred from running deficits in the conventional sense, resorted to printing their own circulating bonds to pay salaries and suppliers. These instruments were nominally redeemable at par with the peso but traded at discounts in practice. The Casa de Moneda printing attribution is consistent with several provincial emissions of this period, lending them a surface credibility that the underlying fiscal reality did not always support.