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1 Peso
| Issuer | Provincia de Chaco |
|---|---|
| Year | 2001-2002 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
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| Printer | Casa de Moneda, Argentina |
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| Engraver(s) | Log in to see details |
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| Obverse description | The provincial coat of arms of Chaco is positioned to the right against an elaborate guilloche underprint that fills the note field. A large denomination numeral '1' appears at the left margin, flanked by ornate rosette vignettes at the corners. Two signature lines at the lower centre are attributed to the Tesorero General and the Ministro de Economía, Obras y Servicios Públicos, with the Casa de Moneda printer's imprint at the lower left. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DEL CHACO `QUEBRACHO` LEY N° 4951/01 - DECRETO N° 2137/01.- Artículo 4: ... (Translation: CERTIFICATES OF CANCELLATION OF OBLIGATIONS FROM THE PROVINCE OF CHACO `QUEBRACHO` LAW N ° 4951/01 - DECREE N ° 2137/01.- Article 4: ...) |
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| Comments |
The Chaco peso is one of dozens of provincial quasi-currencies that proliferated across Argentina during the 2001–2002 convertibility collapse, when provincial governments, cut off from federal transfers and unable to print pesos, began issuing their own interest-bearing bonds as de facto wages and payment instruments. Chaco was among the poorer northern provinces, chronically dependent on federal co-participation funds, which made the crisis hit harder and faster there than in wealthier districts.
Casa de Moneda's involvement gave these notes physical credibility they might otherwise have lacked — the same facility that printed official Argentine currency was now producing provincial scrip, a peculiar institutional irony that was never lost on the public using them.