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10 Pesos

Issuer Provincia de Catamarca
Year 2001
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Value 10 Pesos
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Obverse lettering PROVINCIA DE CATAMARCA
RECONOCERA POR ESTE
TITULO PUBLICO AL PORTADOR – LEY 4748
SERIE Nº
MINISTRO DE HACIENDA Y FINANZAS
GOBERNADOR
CATEDRAL BASILICA NUESTRA SEÑORA DEL VALLE
DIEZ PESOS
10
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Reverse lettering LEY Nº 4748
ARTICULO 1º
ARTICULO 2º
ARTICULO 3º
ARTICULO 4º
ARTICULO 5º
ARTICULO 6º
ARTICULO 7º
ARTICULO 8º
ARTICULO 9º
ARTICULO 10º
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Comments

Catamarca's 2001 emergency note is one of dozens of provincial quasi-currencies — collectively called "cuasimonedas" — that flooded Argentina when the national government froze bank accounts under the corralito in late 2001. Provinces facing payroll crises issued their own scrip to pay public employees, who then spent it at local businesses often obligated by circumstance, if not law, to accept it.

Catamarca was among the smaller, poorer provinces issuing these instruments, with limited fiscal capacity to back redemption promises. When the federal government eventually absorbed and redeemed the provincial scrip in 2002–2003, many issues returned in poor condition, making cleaner survivors disproportionately scarce relative to their original print runs.