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5 Pesos

Uitgever Provincia de Tucumán
Jaar 1999
Type Log in om details te zien
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Referentie(s) P#S2722
Beschrijving voorzijde Log in om details te zien
Opschrift voorzijde Log in om details te zien
Beschrijving keerzijde Printed throughout in green tones, the reverse is largely occupied by the full legislative text authorising the bond issue, set in small typeface across multiple numbered articles. A guilloche panel at left carries the heraldic emblem of the Province of Tucuman, with the complete title of the issuing authority and the amending laws reproduced in the heading and a decree reference at the foot.
Opschrift keerzijde PROVINCIA DE TUCUMAN - BONOS DE CANCELACION DE DEUDAS LEY 5728 MODIFICADA POR LEYES 5886 Y 6969
(Translation: PROVINCE OF TUCUMAN - DEBT CANCELLATION BONDS LAW 5728 AMENDED BY LAWS 5886 AND 6969)
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Opmerkingen

Tucumán's quasi-currency issues of the late 1990s emerged directly from Argentina's convertibility straitjacket. Provinces could not devalue or print pesos — those were pegged to the dollar — but they could issue debt instruments, and Tucumán's "Bocade" bonds circulated as functional money when federal transfers dried up. This 5 Pesos piece is one of those instruments, spending alongside legal tender in local commerce rather than sitting in any portfolio.

The 2001–2002 crisis that made these notes famous nationally was already prefigured by Tucumán's chronic fiscal distress years earlier. This 1999 issue predates the full collapse by two years.

MISSCHIEN OOK INTERESSANT