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1 Peso
| Issuer | Provincia de Catamarca |
|---|---|
| Year | 2001 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Peso (1992-date) |
| Composition | Log in to see details |
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| Obverse description | The obverse carries the bold heading PROVINCIA DE CATAMARCA across the top, beneath which the text RECONOCERA POR ESTE / TITULO PUBLICO AL PORTADOR / LEY 4748 appears at right. A central oval vignette contains a topographic or landscape view rendered in blue tones, flanked by guilloche underprint patterns in yellow and red. At lower centre, two facsimile signatures appear above the printed designations MINISTRO DE HACIENDA Y FINANZAS and GOBERNADOR, with the series and serial number (Serie N°) printed in black at mid-right and the large numeral 1 to the right. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | Titulos Publicos al Portador Ley 4748 modificada por las leyes Nros. 4959, 5010, 5045 y 5086 ARTICULO 1° ARTICULO 2° ARTICULO 3° ARTICULO 4° ARTICULO 5° ARTICULO 6° ARTICULO 7° ARTICULO 8° |
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| Comments |
Catamarca's 2001 emergency peso was one of dozens of provincial quasi-currencies — generically called "patacones" or "lecops" depending on the issuer — that flooded Argentina when the federal government's convertibility regime began collapsing and provinces lost access to central bank financing. Catamarca, one of the poorest provinces in the northwest, issued these notes to pay salaries and suppliers when hard currency simply wasn't available.
Provincial issuances varied wildly in how seriously markets treated them. Catamarca's notes traded at discounts to face value almost immediately.