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2 Pesos
| Issuer | Provincia de Catamarca |
|---|---|
| Year | 2006 |
| Type | Log in to see details |
| Value | 2 Pesos |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Printed in blue on white paper, the obverse carries the heading PROVINCIA DE CATAMARCA across the top, with the legend RECONOCERA POR ESTE / TITULO PUBLICO AL PORTADOR / LEY 5066 in the centre field. To the right, a circular vignette presents a landscape view of the Paso Internacional de San Francisco road under a cloudy sky. The denomination numeral 2 appears at left and right, with DOS PESOS in the lower right. Series letter and serial number are printed at lower left, with two official signatures and their respective titles below. |
|---|---|
| Obverse lettering | PROVINCIA DE CATAMARCA RECONOCERA POR ESTE TITULO PUBLICO AL PORTADOR LEY 5066 SERIE A PASO INTERNACIONAL DE SAN FRANCISCO DOS PESOS MINISTRO DE HACIENDA Y FINANZAS GOBERNADOR |
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| Comments |
Catamarca's 2006 emergency quasi-currency belongs to the wave of provincial bonds that proliferated across Argentina during and after the 2001–2002 financial collapse, when the federal government froze bank deposits and the peso's convertibility with the US dollar collapsed entirely. Provinces lacking cash to pay salaries and suppliers began issuing their own instruments — technically bonds redeemable in pesos, but functioning as circulating currency in practice. Catamarca was among the poorer northwestern provinces with limited fiscal reserves, making reliance on these instruments particularly acute.
By 2006, most provinces had already retired their quasi-currencies under federal pressure and debt-swap arrangements. A Catamarca issuance that late is notable — worth investigating whether this represents a genuine late circulation issue or a redemption-period reprint.