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10 000 Australes Laws 6228-6623

Issuer Provincia de Salta
Year 1990
Type Local banknote
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Obverse lettering PROVINCIA DE SALTA ₳10000 BONO DE CANCELACION DE DEUDA LEYES 6228 - 6623 AL PORTADOR FECHA DE CADUCIDAD: 31 DE OCTUBRE DE 1991 ₳10000 DIEZ MIL AUSTRALES (vertical on right)
(Translation: Province of Salta Debt cancellation bond Laws 6228-6623 To the bearer Expiry date Oct. 31, 1991 Ten thousand Australes)
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Reverse lettering PROVINCIA DE SALTA - BONO CANCELACION DE DEUDA - LEYES 6228-6623 Articulo 1: ...
(Translation: Province of Salta - Debt cancellation bond - Laws 6228-6623 Article 1: ...)
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Comments

Salta issued its own quasi-currency during the hyperinflationary collapse of 1989–90, when the national austral was losing value faster than the federal government could respond. Provincial "bonos" and emergency notes like this one circulated as de facto wages and change, filling a gap the Banco Central had effectively abandoned. The authorization under Laws 6228 and 6623 gave it legal tender status within provincial limits only.

Casa de Moneda printed it — the same Buenos Aires facility producing federal currency at the time, which gave these provincial emissions an air of legitimacy unusual among Argentine emergency issues of the period.

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