Catalog
10 Pesos
| Issuer | Provincia de Mendoza |
|---|---|
| Year | 2007 |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PROVINCIA DE MENDOZA LETRAS DE TESORERIA GARANTIZADAS CON REGALIAS PETROLIFERAS PETROM AL PORTADOR DIEZ PESOS VALOR NOMINAL 10 SERIE A CONTADOR GENERAL DE LA PROVINCIA TESOREO GENERAL DE LA PROVINCIA CASA DE MONEDA |
| Reverse description | The reverse bears a full printed text in Spanish setting out the legal and financial terms of the Letras de Tesorería PETROM emission, structured as numbered articles referencing Ley 6982. The text is arranged in justified columns on a plain light background with a decorative guilloche border. A large capital letter 'A' in a shaded panel appears at left, serving as a series identifier. |
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| Comments |
Mendoza's provincial quasi-currency program was a direct consequence of Argentina's 2001–2002 financial collapse, when frozen bank deposits and a federal cash shortage forced most provinces to issue their own emergency scrip. Mendoza's series, known locally as "Petros," circulated alongside federal pesos and was accepted by provincial employers and merchants under agreements that the national government grudgingly tolerated. By 2007, most provinces had wound down their parallel currencies — the fact that Mendoza was still printing at this date suggests either a delayed redemption schedule or continued regional liquidity pressure well after the acute crisis had passed.