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20 Pesos

Issuer Provincia de Tucumán
Year 2000
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Size 155 × 65 mm
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Obverse description The obverse is divided into distinct zones: at left, a dark green oval vignette carries the large numeral '$20' in intaglio style, flanked by fine guilloche underprint in brown and ochre tones. To the right, an oval vignette presents a view of the Casa de la Independencia (House of Independence) in Tucumán, rendered in brown line engraving. The provincial coat of arms appears at upper left, and the serial number '01360461' is printed twice in black at upper right and lower left. Two manuscript facsimile signatures appear below centre, captioned 'MINISTRO DE ECONOMIA' and 'GOBERNADOR'. The series designation 'SERIE F' is printed at left margin.
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Reverse lettering PROVINCIA DE TUCUMAN - BONOS DE CANCELACION DE DEUDAS
LEY 5728 MODIFICADA POR LEYES 5986, 6098 Y 7134
ARTICULO 1 - ARTICULO 2 - ARTICULO 3 - ARTICULO 4 - ARTICULO 5
DECRETO 1091/3 (38) 2001
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Comments

Argentina's provincial quasi-currencies — known broadly as "cuasimonedas" — proliferated in the late 1990s and early 2000s as provincial governments, starved of federal transfers and locked out of credit markets, began paying salaries and suppliers in locally issued scrip. Tucumán's series was among the earlier examples, preceding the full national collapse of December 2001 that turned this practice from a regional workaround into a near-universal one across Argentine provinces.

These notes circulated alongside federal pesos at nominal par but were routinely discounted in practice, particularly outside provincial borders. Tucumán's fiscal position at the time was notoriously strained, having already experienced a severe provincial crisis in the mid-1990s that required federal intervention.

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