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1 Austral
| Issuer | Provincia de Tucumán |
|---|---|
| Year | 1985-1987 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| In circulation to | 30 November 1987 |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PROVINCIA DE TUCUMAN "BONOS DE CANCELACION DE DEUDAS" SERIE C LEY N° 5728 AL PORTADOR - FECHA DE CADUCIDAD: 30 DE NOVIEMBRE DE 1987 MINISTRO DE ECONOMIA GOBERNADOR Un Austral "QUE EL FEDERALISMO ALIMENTE, ROJO Y CALIENTE, LA CELULA VIVA DE LA NACION". FERNANDO RIERA, 1° DE ABRIL DE 1985. Un Austral (Translation: PROVINCE OF TUCUMAN "DEBT CANCELLATION BONDS" SERIES C LAW N° 5728 TO THE BEARER - EXPIRY DATE: NOVEMBER 30, 1987 MINISTER OF ECONOMY GOVERNOR One Austral "MAY FEDERALISM FEED, RED AND HOT, THE LIVING CELL OF THE NATION". FERNANDO RIERA, APRIL 1, 1985. One Austral) |
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| Variants | P#S2703(1) - bottom line on text on back without DECRETO P#S2703(2) - bottom line on text on back with DECRETO and number |
| Comments |
Tucumán's provincial australes were an emergency quasi-currency issued when the federal government's own Austral — itself a desperate anti-inflation measure introduced in June 1985 — failed to reach provincial workers and creditors fast enough. Several Argentine provinces issued their own notes during this period, but Tucumán's series is among the more documented, backed nominally by provincial treasury obligations rather than the Banco Central.
These circulated alongside federal currency at par by local convention, not legal mandate. Whether merchants actually accepted them at face value depended almost entirely on geography and political pressure.