Catalog
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| Issuer | Tesorería de la Provincia de Buenos Aires |
|---|---|
| Year | 2006 |
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| Value | 2 Pesos |
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|---|---|
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| Reverse lettering | LEY Nº 12.774 ARTICULO 1º ARTICULO 15º RESOLUCION DEL MINISTRO DE ECONOMIA DE LA PROVINCIA DE BUENOS AIRES Nº 3008 ARTICULO 1º 2 PESOS |
| Signature(s) | Víctor E. Perera and Aníbal Zurategui |
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| Comments |
The Tesorería de la Provincia de Buenos Aires re-entered the currency business during the 2001–2002 convertibility collapse, when the federal government's freeze on bank deposits — the corralito — forced provinces across Argentina to issue their own quasi-currencies to meet payroll and public expenditure. Buenos Aires Province issued the Patacón series; this 2 Peso note belongs to a later supplementary phase of that provincial emergency emission, dated 2006 well after the acute crisis had passed.
Provincial quasi-currencies were legally bonds but functioned as circulating cash. The federal government eventually redeemed most of them at par, but redemption was uneven and slow.