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0,50 Austral
| Issuer | Provincia de La Rioja |
|---|---|
| Year | 1986 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Reference(s) | P#S2502 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PROVINCIA DE LA RIOJA BONO CANCELACION DE DEUDA LEY 4534 SERIE B AL PORTADOR Y A LA VISTA MINISTRO DE HACIENDA Y O.P. GOBERNADOR A0,50 Cincuenta Centavos CASA DE MONEDA |
| Reverse description | Log in to see details |
| Reverse lettering | PROVINCIA DE LA RIOJA - BONO CANCELACION DE DEUDA - LEY 4534 0,50 Cincuenta Centavos LA CAMARA DE DIPUTADOS DE LA PROVINCIA, SANCIONA CON FUERZA DE LEY: |
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| Comments |
La Rioja issued this fractional note during the acute fiscal disarray of Argentina's mid-1980s, when several provinces resorted to quasi-currency to meet payroll and local obligations that the federal government could not adequately fund. The national Austral itself had only been introduced in June 1985 as a stabilization measure following the Austral Plan — replacing the Peso Argentino at 1,000:1 — so a provincially issued half-Austral note speaks to how quickly that optimism unraveled at the subnational level.
Casa de Moneda handled the printing, which gave the note a degree of technical legitimacy despite its emergency origins. Provincial scrip of this period was frequently redeemed at a discount, if at all.