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10.000 Australes

Issuer Provincia de La Rioja
Year 1986
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Value 10.000 Australes
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Reverse description The reverse carries the full legal text of the bond authorization in small letterpress type, setting out the articles of the provincial law governing the Bonos de Cancelación de Deuda and their conditions of use. A panel at lower right displays the denomination DIEZ MIL AUSTRALES in bold type within a plain rectangular border. The numeral 10000 appears in large print at upper left, and the header repeats the issuing authority, bond designation and legislation reference.
Reverse lettering PROVINCIA DE LA RIOJA - BONO CANCELACION DE DEUDA - LEY 4534
DIEZ MIL AUSTRALES
PRORROGADO POR LEY 5302/89, DECRETO 1534/89
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Comments

La Rioja's provincial australes were issued under the authority granted to Argentine provinces during the federal government's repeated failures to supply adequate currency in the late 1980s. The national Austral itself had only been introduced in 1985 as a stabilization measure — replacing the Peso Argentino at 1,000 to one — yet within months the hyperinflationary spiral was already undermining it. Provincial notes like this one filled a genuine transactional void rather than serving any symbolic function.

Casa de Moneda printed these under contract, which is worth noting: provincial scrip produced by the national mint occupies an awkward legal category, officially tolerated but never formally integrated into the national monetary framework.

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