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10 Pesos
| Issuer | Provincia de Formosa |
|---|---|
| Year | 2001 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Peso (1992-date) |
| Composition | Log in to see details |
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| Obverse description | The obverse is printed in olive-green and brown tones on a pale yellow ground with fine guilloche underprint. At upper centre, the issuer title PROVINCIA DE FORMOSA and the legend BONOS DE CANCELACION DE DEUDAS are printed in bold letterpress. The provincial coat of arms of Formosa appears as a central vignette in brown intaglio. Denomination text DIEZ PESOS is inscribed in the centre field, with emission and expiry dates below; two signature panels for the Subsecretaría de Hacienda y Finanzas and the Ministerio de Economía appear at lower centre, and the serial number and series designation SERIE A are printed at right. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is printed predominantly in black on a white ground and carries the full legal text governing the bond issue. The heading PROVINCIA DE FORMOSA / BONOS DE CANCELACION DE DEUDAS / Leyes Nº s 1.296 y 1.342 - Decreto Nº 558/01 is centred at top, followed by eleven numbered articles in small typeface setting out the conditions of issue, acceptance, and redemption of the BOCAN-FOR bonds. The layout is entirely typographical with no pictorial vignettes. |
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| Comments |
Formosa is one of several Argentine provinces that resorted to issuing their own quasi-currencies during the 2001–2002 convertibility crisis, when the federal government's freeze on bank withdrawals — the infamous "corralito" — strangled the local money supply. These provincial notes, generically called "cuasimonedas," functioned as wage payments and change substitutes, circulating under provincial guarantee rather than the Banco Central.
Casa de Moneda, the federal printing house, produced notes for several provinces simultaneously during this period, which creates occasional confusion about emission dates and series numbers. The PS# reference being unassigned suggests this piece hasn't been formally catalogued in a major specialized listing — not uncommon for the smaller provincial emissions, many of which were redeemed and withdrawn within two years.