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1 Austral
| Issuer | Provincia de Salta |
|---|---|
| Year | 1987 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Austral (1985-1991) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PROVINCIA DE SALTA BONO DE CANCELACION DE DEUDA LEY 6228 AL PORTADOR FECHA DE CADUCIDAD: 31 DE DICIEMBRE DE 1987 $a 1,000 MIL Pesos Argentinos A1 UN AUSTRAL MINISTRO DE ECONOMIA GOBERNADOR CASA DE MONEDA |
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| Reverse lettering | PROVINCIA DE SALTA – BONO CANCELACION DE DEUDA – LEY 6228 Artículo 1.- Autorízase al Poder Ejecutivo para disponer la emisión de 'Bonos de Cancelación de Deuda' a favor de los acreedores del Estado Provincial. Art. 2.- Art. 3.- Art. 4.- Art. 5.- De forma. Emisión de Australes dos millones (A 2.000.000). Decreto 1605 del 15 de agosto de 1986. |
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| Comments |
Salta issued its own austral notes in 1987 as a provincial emergency measure, a practice with deep roots in Argentine fiscal history — provinces have periodically resorted to their own quasi-currency during national liquidity crises, effectively forcing local commerce to absorb the risk the federal government couldn't contain. By 1987, the national austral itself was already under inflationary pressure less than two years after its introduction as a replacement for the collapsing peso argentino.
Casa de Moneda printed this in Buenos Aires. Provincial notes of this period were often redeemed quickly and destroyed, making survivors more common in uncirculated hoards than in genuinely worn circulated grades.