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5 Pesos

Issuer Provincia de Chaco
Year 2001
Type Local banknote
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Obverse description Green-toned note with an elaborate guilloche underprint framing the entire face. To the right, a large circular vignette contains the coat of arms of the Province of Chaco, surrounded by intricate lathe-work. The upper portion bears the issuing authority and certificate title in bold letterpress, with fields specifying the emission date (12 de Octubre de 2001), maturity dates, and an 8% annual interest rate. The denomination 'CINCO PESOS' appears in large letters across the lower centre, with the numeral '5' at lower right and a serial number at upper right.
Obverse lettering PROVINCIA DEL CHACO
CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DEL CHACO "QUEBRACHO"
AL PORTADOR
LEY N° 4951 / 01 - DECRETO N° 1690/01
FECHA DE EMISION: 12 DE OCTUBRE DE 2001
TASA DE INTERES: 8% ANUAL
FECHA DE VENCIMIENTO INTERES 1° CUOTA: 12 DE OCTUBRE DE 2002
FECHA DE VENCIMIENTO CAPITAL E INTERES 2° CUOTA: 12 DE ABRIL DE 2003
CINCO PESOS
SERIE 1
TESORERO GENERAL
MINISTERIO DE ECONOMIA OBRAS Y SERVICIOS PUBLICOS
CASA DE MONEDA
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Comments

The Chaco 5 Pesos is one of the provincial emergency notes — locally termed "lecop" or simply bonos — issued across Argentina's interior provinces during the collapse of the convertibility system. With the federal government unable to service its obligations, at least fourteen provinces began printing their own quasi-currencies between 2001 and 2002. Chaco was among the more economically distressed, with chronic fiscal deficits predating the crisis by years.

Casa de Moneda printed these for several provincial issuers simultaneously, which creates attribution headaches — the production quality is identical across different jurisdictions, and unissued remainders complicate census data. The PS# reference remains unassigned in most major catalogs.

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