Catalog
10.000 Australes
| Issuer | Provincia de Jujuy |
|---|---|
| Year | 1991 |
| Type | Local banknote |
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|---|---|
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| Reverse description | The reverse carries the full legal text of the provincial decree authorising the issuance of up to thirty thousand million Australes in public bearer bonds, set in small letterpress type across the entire surface. A heading reads 'PROVINCIA DE JUJUY - TITULO PUBLICO AL PORTADOR' and 'EL GOBERNADOR DE LA PROVINCIA DECRETA:', followed by eight numbered articles citing the relevant provincial laws and decrees. The document closes with a reference to 'DECRETO Nº 14.813-E', printed on a plain cream background without decorative elements. |
| Reverse lettering | PROVINCIA DE JUJUY - TITULO PUBLICO AL PORTADOR EL GOBERNADOR DE LA PROVINCIA DECRETA: DECRETO Nº 14.813-E |
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| Comments |
Jujuy's provincial Australes notes were a direct consequence of Argentina's chronic inability to keep small-denomination federal currency in circulation during the hyperinflationary spiral of 1989–1991. Provinces were legally permitted to issue their own quasi-currency — technically "bonds" — to pay employees and suppliers when federal cash ran out. Jujuy was among several northwestern provinces that exercised this right, producing notes that circulated locally as de facto money despite having no backing from the Banco Central.
The Austral itself was already a doomed unit by 1991, replaced by the Peso Convertible in April 1992 at a rate of 10,000 Australes to 1 Peso — making this note's face value precisely one convertibility-era peso, a coincidence that also made redemption calculations simple.