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50 Pesos
| Issuer | Provincia de La Rioja |
|---|---|
| Year | 2003 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Paper |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PROVINCIA DE LA RIOJA BONOS DE CANCELACION DE DEUDAS SERIE B Ley N° 7.113 AL PORTADOR CINCUENTA PESOS EVA PERÓN |
| Reverse description | The reverse is printed in black on white paper and contains a dense block of legal text in Spanish setting out the terms and conditions of the Bonos de Cancelación de Deudas under Ley N° 7113. The heading 'PROVINCIA DE LA RIOJA – BONOS DE CANCELACION DE DEUDAS – LEY 7113' appears at the top, and a '$50' denomination indicator is printed at the upper left. The reverse is entirely typographic with no pictorial vignette. |
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| Comments |
La Rioja's provincial bonds — locally termed "Patacones" or more precisely "BOCADE" notes — were among the more obscure emergency quasi-currencies circulated during Argentina's catastrophic 2001–2002 financial collapse, when provinces were cut off from federal transfers and began issuing their own paper to pay salaries and obligations. La Rioja was one of the smallest and most fiscally dependent provinces in the country, which makes its independent emission less an act of monetary confidence than a survival measure.
By 2003, most provincial currencies were being phased out under federal pressure and exchange programs. A note dated that year sits right at the tail end of the experiment.