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50 Australes
| Issuer | Provincia de Jujuy |
|---|---|
| Year | 1988 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Paper |
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| Obverse description | At left, a vignette of General San Martin reviewing a military formation in profile; at right, the provincial coat of arms of Jujuy. The overall colour scheme is green, with guilloche underprint patterns framing the design. Denomination numeral and issuing authority inscriptions appear in bold letterpress. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is printed in green on a guilloche underprint and carries the full text of the provincial decree authorizing the issue, set in small letterpress type across seven numbered articles. Decorative rosette vignettes appear at the left margin. The decree reference DECRETO No 7221 appears at the lower right. |
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| Comments |
Argentina's provinces rarely issued their own circulating paper money after the nineteenth century, but the hyperinflationary collapse of the late 1980s forced several provincial governments to print emergency quasi-money called "bonos" to pay wages and cover local expenditures when federal currency simply dried up. Jujuy, one of the poorest and most geographically isolated provinces, was among those that turned to provincial emission out of fiscal desperation rather than any formal monetary authority.
The irony of Casa de Moneda printing these notes is worth noting — the same federal institution whose monetary failures helped precipitate the crisis was contracted to produce the emergency paper meant to work around it.