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2 Pesos
| Issuer | Provincia de Entre Ríos |
|---|---|
| Year | 2001 |
| Type | Local banknote |
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| Obverse description | Portrait vignette of General Justo José de Urquiza, Argentine military leader and President of the Argentine Confederation (1854–1860), positioned at left. The face bears the principal inscription identifying the instrument as a Letra de Tesorería issued under provincial law, with denomination text and expiry date integrated into the typeset layout. |
|---|---|
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| Reverse lettering | LETRAS DE TESORERIA PARA CANCELACION DE OBLIGACIONES DE LA PROVINCIA DE ENTRE RIOS -- `FEDERAL` Artículo 4° ... (Translation: TREASURY LETTERS FOR CANCELLATION OF OBLIGATIONS OF THE PROVINCE OF ENTRE RIOS - `FEDERAL` Article 4 ...) |
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| Comments |
Entre Ríos was one of several Argentine provinces that issued its own quasi-currency during the 2001–2002 convertibility crisis, when the federal government's peso was effectively frozen in bank accounts under the corralito restrictions. These provincial bonds — technically debt instruments, practically spending money — circulated alongside the national currency because there was little else available. Entre Ríos called theirs "Bonos de Cancelación de Deuda."
The fact that Casa de Moneda printed these in Buenos Aires, for a province essentially bypassing federal monetary authority during a federal emergency, reflects how completely the institutional framework had fractured by late 2001.