Catalog
10 Australes
| Issuer | Provincia de La Rioja |
|---|---|
| Year | 1985-1988 |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PROVINCIA DE LA RIOJA BONO CANCELACION DE DEUDA LEY 4534 AL PORTADOR Y A LA VISTA Diez Australes SERIE E MINISTRO DE HACIENDA Y O.P. GOBERNADOR CASA DE MONEDA (Translation: La Rioja Province Debt Cancellation Bond Law 4534 To the bearer on demand Ten Australes Series E Minister of Finance and Public Works Governor Mint House) |
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| Reverse lettering | PROVINCIA DE LA RIOJA - BONO CANCELACION DE DEUDA - LEY 4534 LA CAMARA DE DIPUTADOS DE LA PROVINCIA SANCIONA CON FUERZA DE LEY: Articulo 1: ... (Translation: La Rioja Province - Debt Cancellation Bond - Law 4534 The Provincial House of Deputies passes with the force of law: Article 1: ... (text of the law)) |
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| Comments |
La Rioja was one of several Argentine provinces that issued their own quasi-currency during the mid-1980s as the national government's fiscal crisis left provincial payrolls chronically underfunded. These notes — officially called "Australes" to mirror the national denomination introduced in 1985 — functioned as salary payments and were accepted by provincial tax offices, effectively forcing local circulation. The arrangement was tolerated by Buenos Aires but legally ambiguous throughout its existence.
Casa de Moneda's involvement lent the notes a surface credibility that purely private printings lacked, though provincial paper of this period is frequently found with rough perforations and uneven ink coverage as a consequence of rushed production schedules.