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50 Pesos

Issuer Tesorería de la Provincia de Buenos Aires
Year 2006
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Shape Rectangular
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Obverse description Portrait of Dardo Rocha at right, with serial number in blue at upper right and lower left. The coat of arms of Buenos Aires Province appears at lower left, with two facsimile signatures below the central text. Inscriptions identify the note as a Letra de Tesorería para Cancelación de Obligaciones (Patacón), with denomination CINCUENTA PESOS in letterpress at bottom.
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Reverse lettering LEY N° 12.774
ARTÍCULO 1° - Apruébase la emisión de Letras de Tesorería para Cancelación de Obligaciones, denominadas "Patacón 2"...
RESOLUCIÓN DEL MINISTERIO DE ECONOMÍA DE LA PROVINCIA DE BUENOS AIRES N°3000
50 PESOS
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Comments

The Tesorería de la Provincia de Buenos Aires issued provincial currency during the 2001–2002 convertibility crisis, when Argentina's federal banking system effectively seized up and provinces resorted to quasi-monedas — parallel currencies used to pay public employees and meet obligations the provinces could not cover in pesos or dollars. Buenos Aires Province issued the Patacón series under that emergency, and P#S2323 belongs to that lineage, though the 2006 date places it at the tail end of redemption-era replacements rather than the original crisis issuance.

By 2006, the national government had moved to absorb and retire most provincial quasi-monedas. Any notes still being issued or reissued at that point occupied an ambiguous legal and monetary space.

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