Catalog
1 Peso
| Issuer | Provincia de Catamarca |
|---|---|
| Year | 1993 |
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| Size | 155 × 65 mm |
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| Reverse description | The reverse is occupied entirely by the printed text of the enacting legislation, Ley No 4748, set out in numbered articles on a pale yellow-orange guilloche underprint within a decorative border. To the right, a tall panel carries a fine blue geometric guilloche pattern centred on a circular medallion with a square-within-square ornamental device. |
| Reverse lettering | LEY No 4748 ARTICULO 1o — Autorizase al Poder Ejecutivo Provincial a emitir hasta la cantidad de PESOS NOVENTA MILLONES ($ 90.000.000,00) en Titulos Publicos al portador, en la medida y oportunidad que las circunstancias financieras lo hagan necesario. ARTICULO 2o — Los titulos seran puestos a disposicion de quienes tengan sumas de dinero a cobrar del Estado Provincial... ARTICULO 3o — El pago efectuado al acreedor mediante los titulos autorizados por esta Ley, importara a extincion irrevocable de los creditos... ARTICULO 4o — Los organismos centralizados, descentralizados o autarquicos de la Provincia y los Municipios, aceptaran los titulos... ARTICULO 5o — Dentro del territorio de la Provincia de Catamarca, el giro de los titulos sera al cien por ciento (100%) de su valor nominal... ARTICULO 6o — Los titulos seran canjeados por el Banco de Catamarca al cien por ciento (100%) en moneda nacional, a partir de los treinta (30) dias corridos de su emision... ARTICULO 7o — El Poder Ejecutivo podra establecer premios en efectivo o en bienes, en beneficio de los tenedores particulares de los titulos... ARTICULO 10o — Los titulos caducaran el 30 de Noviembre de 1998... (Translation: LAW No 4748 — Articles authorizing the Provincial Executive to issue up to 90,000,000 Pesos in bearer public securities, establishing conditions of payment, acceptance, redemption at Banco de Catamarca at 100% face value, and expiry on 30 November 1998.) |
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| Comments |
Argentina's 1991 Convertibility Law locked the peso to the US dollar and stripped provinces of the right to issue their own currency — yet several cash-starved provincial governments issued quasi-money anyway, framed as "bonds" or "provincial bonds" to sidestep federal law. Catamarca's 1993 peso falls into this category: a circulating substitute for national currency during a period of chronic liquidity shortages in the interior provinces, where federal transfers were slow and payrolls couldn't wait.
Ciccone Calcografica, Buenos Aires's dominant security printer of the period, produced the note — the same firm behind much of Argentina's official federal coinage and stamp work at the time.