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| 正面描述 | The obverse carries the heading PROVINCIA DE LA RIOJA and subtitle BONO CANCELACION DE DEUDA / LEY 4534 in bold letterpress across the upper field. At left, a multicolour guilloche panel with the large numeral 50 and vertical text CINCUENTA AUSTRALES forms a side border. At right, an intaglio vignette portraits Juan Facundo Quiroga, identified by vertical text along the right margin, above the large denomination numeral A50; two manuscript signatures appear below, attributed to the Ministro de Hacienda y O.P. and the Gobernador respectively. |
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| 背面铭文 | PROVINCIA DE LA RIOJA - BONO CANCELACION DE DEUDA - LEY 4534 LA CAMARA DE DIPUTADOS DE LA PROVINCIA, SANCIONA CON FUERZA DE LEY CINCUENTA AUSTRALES 50 |
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La Rioja's provincial austral issues emerged from one of the most dysfunctional fiscal episodes in Argentine history. Several provinces, unable to meet payroll obligations during the late 1980s hyperinflationary collapse, resorted to issuing their own quasi-currency — legally framed as bonds but functioning as banknotes in local commerce. La Rioja was among the most aggressive issuers, and these notes circulated alongside federal currency with varying degrees of public acceptance.
Printed by Casa de Moneda in Buenos Aires, which gave them a veneer of official credibility even as the federal government privately objected to the practice. The austral itself was already a short-lived currency, introduced in 1985 to replace the peso and gone by 1992.