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2 Pesos

Issuer Tesorería de la Provincia de Buenos Aires
Year 2006
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Value 2 Pesos
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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.

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