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2 Pesos
| Issuer | Provincia de Chaco |
|---|---|
| Year | 2001 |
| Type | Log in to see details |
| Value | 2 Pesos |
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| Obverse description | Log in to see details |
|---|---|
| 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 EMISION: 12 DE OCTUBRE DE 2001 TASA DE INTERES: 8% ANUAL FECHA DE VENCIMIENTO INTERESES 1° CUOTA: 12 DE OCTUBRE DE 2002 FECHA DE VENCIMIENTO CAPITAL E INTERES 2° CUOTA: 12 DE ABRIL DE 2003 DOS PESOS TESOREO GENERAL MINISTERIO DE ECONOMIA OBRAS Y SERVICIOS PUBLICOS CASA DE MONEDA SERIE 1 |
| Reverse description | The reverse carries the full legal text of the emission decree in Spanish, set in small print across the note's surface, authorising the Provincial Executive to issue 'Certificados de Cancelacion de Obligaciones de la Provincia del Chaco: QUEBRACHO' under Articles 4, 6, 8, and 10 of Ley N° 4951/01. The heading 'CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DEL CHACO QUEBRACHO' appears in bold at the top. The denomination '2 PESOS' is printed at lower left and upper right, with decorative guilloche borders running along both vertical edges. |
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| Comments |
The Chaco note is one of several provincial quasi-currencies — locally called "cuasimonedas" — issued by Argentine provinces during the 2001–2002 fiscal collapse, when the federal government froze bank accounts and provinces lost access to national funding. Unable to pay salaries and suppliers, Chaco printed its own scrip and put it into circulation alongside the peso.
These issues circulated out of necessity, accepted at face value in local commerce by provincial decree. Most were eventually redeemed at par or near-par after the federal government stepped in with bond swap programs in 2003, after which surviving examples passed quickly into collector hands rather than landfills.