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50 Centavos
| Issuer | Provincia de Buenos Aires |
|---|---|
| Year | 2001 |
| Type | Local banknote |
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| Obverse description | Intaglio-printed portrait vignette of Dardo Rocha in right-facing bust position occupies the central-right field, set against a fine guilloche underprint in pale rose and blue. The denomination '0,50 PESOS (50 CENTAVOS)' appears in large characters along the left vertical border in alternating red and blue, while the heading 'PROVINCIA DE BUENOS AIRES' and the full legal title 'LETRA DE TESORERIA PARA CANCELACION DE OBLIGACIONES (PATACON)' are printed across the upper portion. Two facsimile signatures with printed titles appear in the lower centre, and a decorative emblem with a geometric rosette is positioned at the lower right beneath the name 'DARDO ROCHA'. |
|---|---|
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| Signature(s) | Víctor E. Pereira and Amílcar Zufriategui |
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| Comments |
The Provincia de Buenos Aires issued these quasi-currency bonds in 2001 as the convertibility crisis tightened liquidity across Argentine provinces. Unable to access pesos freely pegged to the dollar, Buenos Aires began paying civil servants and contractors in these fractional patacones — the provincial scrip that briefly ran parallel to the national currency before the whole system collapsed in December 2001. The 50 centavos denomination was the smallest in the patacón series, used for everyday transactional change where the larger bonds were impractical.
Ciccone Calcográfica, then operating under its Compañía de Valores Sudamericana name at Don Torcuato, handled the full series. The firm had long printed Argentine security documents and understood what it was being asked to produce: an emergency instrument dressed up as normal paper currency.