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| 正面铭文 | 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 EMISIÓN: TASA DE INTERES 12 de Octubre de 2001 8% ANUAL FECHA DE VENCIMIENTO FECHA DE VENCIMIENTO INTERES 1° CUOTA: CAPITAL E INTERESES 2° CUOTA: 12 de OCTUBRE de 2002 12 de ABRIL 2003 CINCO PESOS (Translation: CHACO PROVINCE CERTIFICATES OF CANCELLATION OF OBLIGATIONS OF THE PROVINCE OF CHACO `QUEBRACHO` TO THE CARRIER LAW N ° 4951/01 - DECREE N ° 1690/01 ISSUE DATE: INTEREST RATE October 12, 2001 8% ANNUAL EXPIRATION DATE EXPIRATION DATE INTEREST 1st FEE: CAPITAL AND INTEREST 2nd FEE: OCTOBER 12, 2002 APRIL 12, 2003 FIVE PESOS) |
| 背面描述 | The reverse carries a full-text vignette reproducing selected articles of the authorising provincial law, printed in letterpress on a plain light background with guilloche ornamental borders at left and right. The title inscription appears at the top in bold uppercase, followed by the legal decree reference and five numbered articles. The denomination numeral 5 and the word PESOS appear in the lower-left corner, with a matching numeral 5 at the upper right, and the place and date of issue — Resistencia, 3 de Octubre de 2001 — at the foot. |
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The Chaco peso emerged from Argentina's 2001–2002 financial collapse, when the federal government froze bank deposits under the corralito and provincial governments — starved of federal transfers — began printing their own quasi-currencies to pay salaries and keep local commerce moving. Chaco was among more than a dozen provinces that issued these bonos; the notes circulated alongside the national peso at par, by provincial decree, and were accepted under varying degrees of public reluctance.
Casa de Moneda printed them in Buenos Aires under contract, which gave the series more physical credibility than some provincial issues run off by regional printers. Redemption followed the 2002 federal bailout agreement, which absorbed most provincial debt and removed these notes from circulation within a few years.