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1 Austral
| Issuer | Provincia de Tucumán |
|---|---|
| Year | 1987-1988 |
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| Size | 155 × 65 mm |
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| Reverse description | The reverse is printed in turquoise on a fine guilloche border and underprint, with the full five articles of the authorising law (Ley 5728 as amended by Ley 5866) set in dense letterpress text across the centre field. A decorative rosette vignette is positioned at the right margin. The decree reference 'DECRETO N° 307/3 (SH)-1988' appears in bold at lower left. |
| Reverse lettering | PROVINCIA DE TUCUMAN - BONOS DE CANCELACION DE DEUDAS - LEY 5728 MODIFICADA POR LEY 5866 Artículo 1.- Facúltase al Poder Ejecutivo a emitir "Bonos de Cancelación de Deudas" por la suma de A 20.000.000 (veinte millones de australes)... Art. 2.- Los Bonos de Cancelación de Deudas se emitirán al portador... Art. 3.- Los bonos serán entregados por la Tesorería General de la Provincia... Art. 4.- Los bonos serán canjeables por moneda de curso legal, al 100% (cien por ciento) de su valor nominal en el Banco de la Provincia de Tucumán... Art. 5.- Las fianzas y cauciones reales exigidas por leyes de la Provincia, podrán constituirse utilizando los bonos cuya emisión se autoriza por esta ley. DECRETO N° 307/3 (SH)-1988 (Translation: TUCUMAN PROVINCE - DEBT CANCELLATION BONDS - LAW 5728 AS AMENDED BY LAW 5866 / Article 1: The Executive Power is authorised to issue "Debt Cancellation Bonds" for the sum of A 20,000,000 (twenty million australes)... / Art. 2: The Debt Cancellation Bonds shall be issued to the bearer... / Art. 3: The bonds shall be delivered by the Provincial Treasury General... / Art. 4: The bonds shall be exchangeable for legal tender at 100% of their face value at the Banco de la Provincia de Tucumán... / Art. 5: Real bonds and sureties required by provincial laws may be constituted using the bonds authorised by this law. / DECREE N° 307/3 (SH)-1988) |
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| Comments |
The Provincia de Tucumán issued this note under Argentina's emergency provincial currency framework, which allowed individual provinces to print their own austral-denominated paper during the chronic federal cash shortages of the late 1980s. These quasi-banknotes circulated alongside federal issues as a practical necessity — the central government simply could not keep provincial economies supplied with physical currency during the inflationary spiral that saw annual rates exceed 3,000% by 1989.
Tucumán's issues are among the more frequently encountered provincial quasi-monedas from this period, reflecting the province's size and its sugar industry payroll demands.