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1 Peso
| Issuer | Provincia de Entre Ríos |
|---|---|
| Year | 2002 |
| Type | Log in to see details |
| Value | 1 Peso (1 ARS) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PROVINCIA DE ENTRE RIOS LETRAS DE TESORERIA PARA CANCELACION DE OBLIGACIONES DE LA PROVINCIA DE ENTRE RIOS -- `FEDERAL` VENCIMIENTO AL PORTADOR 21 DE NOVIEMBRE DE 2004 LEY N° 9317 Arts. 7°, 44° y 47° Decreto 1835/02 GOB Decreto 2002/02 M.H. UN PESO (Translation: PROVINCE OF ENTRE RIOS TREASURY LETTERS FOR CANCELLATION OF OBLIGATIONS OF THE PROVINCE OF ENTRE RIOS - `FEDERAL` EXPIRATION TO THE BEARER NOVEMBER 21, 2004 LAW N° 9317 Arts. 7th, 44th and 47th Decree 1835/02 GOB Decree 2002/02 M.H. ONE PESO) |
| Reverse description | The reverse is dominated by dense printed legal text in Spanish, reproducing key articles of Law N° 9317 (Articles 7°, 44°, and 47°) and related executive decrees authorizing the issuance of the 'FEDERAL' Treasury Letters, set against a light guilloche underprint with ornamental side borders. The heading 'LETRAS DE TESORERIA PARA CANCELACION DE OBLIGACIONES DE LA PROVINCIA DE ENTRE RIOS "FEDERAL"' runs across the top. The text concludes with the place and date of issue: 'PARANA, 21 de Mayo de 2002.' |
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| Comments |
Entre Ríos issued this note during the 2001–2002 convertibility collapse, when Argentina's federal government froze bank deposits and the provinces were forced to print their own quasi-currencies to meet payroll and basic obligations. These provincial bonds — called "patacones" in Buenos Aires, "lecops" federally, and by various other names elsewhere — circulated alongside federal pesos at par by legal decree, though public acceptance was uneven and many businesses refused them outright.
Ciccone Calcográfica, the dominant Argentine security printer of the period, produced emergency paper for multiple provinces simultaneously during the crisis months. The dual catalog reference (342, 343) suggests a signature or series variant within the same basic issue.