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10 Pesos
| Issuer | Provincia de Río Negro |
|---|---|
| Year | 1995 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Peso (1992-date) |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | The reverse is printed entirely in black on a light background and carries the full legal text of the 'CERTIFICADOS DE DEUDA DE LA PROVINCIA DE RÍO NEGRO', setting out the articles authorising the issue and governing redemption terms. A decorative guilloche border frames the text field, and a large stylised letter 'D' watermark-style device appears to the lower left. The reverse is text-dominant with no pictorial vignette, consistent with the emergency debt-certificate character of the issue. |
| Reverse lettering | CERTIFICADOS DE DEUDA DE LA PROVINCIA DE RÍO NEGRO Artículo 1° - Autorízase al Poder Ejecutivo a disponer la emisión de 'Certificados de Deuda de la Provincia de Río Negro'... Artículo 2° - Los gastos del Estado Provincial, consistentes en remuneraciones, indemnizaciones, compensaciones, salarios y de cualquier naturaleza correspondientes hasta el 1° de Octubre del año en curso, podrán ser cancelados por el sector público provincial con CEDERN. |
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| Comments |
Río Negro was one of several Argentine provinces that issued quasi-money during the fiscal crises of the 1980s and early 1990s, when chronic delays in federal revenue transfers left provincial governments unable to meet payroll. These notes — formally called "bonos" or "títulos" — circulated alongside federal pesos by necessity, accepted at par in local commerce even though they carried no guarantee from the Banco Central. The 1995 dating is notable: it places this emission after the Convertibility Law of 1991, which had nominally stabilized the peso, suggesting Río Negro's fiscal position remained precarious well into the recovery period.
Casa de Moneda's involvement gave the physical note a degree of credibility that crudely printed provincial scrip often lacked.