Catalog
10 Australes
| Issuer | Provincia de La Rioja |
|---|---|
| Year | 1986 |
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| Reference(s) | P#S2505 |
| Obverse description | The obverse is divided into distinct vertical panels: the left panel carries a barcode-style graphic element and colorful geometric shapes in blue, red, green, and yellow against a teal underprint. The central area bears the title inscription PROVINCIA DE LA RIOJA above BONO CANCELACION DE DEUDA and LEY 4534, with SERIE E, the clause AL PORTADOR Y A LA VISTA, and two manuscript signatures over their respective titles MINISTRO DE HACIENDA Y O.P. and GOBERNADOR. The right panel presents a blue-tinted vignette portrait of a historical figure, alongside the large denomination numeral A10 in dark ink, with the serial number 1697740 appearing both at top right and bottom left. |
|---|---|
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| Reverse description | The reverse is printed predominantly in black on white paper and carries the full legislative text of Ley 4534, sanctioned by the Cámara de Diputados de la Provincia, detailing the authorization, conditions, and redemption terms of the Bono de Cancelación de Deuda up to the sum of ten billion australes. The denomination numeral 10 appears at upper left, and the vertical legend DIEZ AUSTRALES runs along the right margin. A barcode panel and geometric color blocks matching the obverse design are positioned at the far right edge. |
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| Comments |
La Rioja's austral notes were issued under provincial emergency powers at a moment when Argentina's national monetary system was already buckling. The austral itself had only been introduced federally in June 1985 as part of the Alfonsín government's Austral Plan — a shock stabilization attempt — so a province printing its own denominated paper within the same unit barely a year later signals how quickly that plan was losing credibility at the regional level.
Casa de Moneda printed the note, meaning this is one of the few quasi-fiscal provincial emissions with the imprimatur of the national mint behind it — an awkward arrangement that reflects the fiscal desperation of underfunded interior provinces rather than any formal monetary authorization.