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2 Pesos

Issuer Provincia de Entre Ríos
Year 2002
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Shape Rectangular
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Obverse description The obverse is printed in blue and grey tones on white paper, with a guilloche underprint across the central field. A portrait vignette of Justo José de Urquiza occupies the right portion of the note, identified by a caption below. The upper left bears the provincial coat of arms alongside the full title inscription, with the denomination DOS PESOS in bold letterpress at centre-left; the serial number appears at upper right, and the maturity date 30 DE JUNIO DE 2003 and AL PORTADOR references are printed below the title block.
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Reverse lettering LETRAS DE TESORERIA PARA CANCELACION DE OBLIGACIONES DE LA PROVINCIA DE ENTRE RIOS - "FEDERAL"
ARTICULO 4°
ARTICULO 6°
ARTICULO 9°
ARTICULO 10°
ARTICULO 11°
ARTICULO 2°
DECRETO M.H.A.
PARANA, 31 de Diciembre de 2001.
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Comments

Entre Ríos was one of several Argentine provinces that issued their own quasi-currency during the 2001–2002 convertibility collapse, when the federal government froze bank deposits and the peso's peg to the US dollar disintegrated. These provincial bonds — called *patacones* in Buenos Aires province, *lecops* federally, and *federales* here in Entre Ríos — functioned as parallel tender, accepted for provincial taxes and salaries but treated with varying suspicion by private merchants.

The federales were printed locally in Paraná rather than through an established security printer, which shows in the relatively modest anti-counterfeiting measures compared to contemporaneous federal issues.

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