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100 Australes
| Issuer | Provincia de Tucumán |
|---|---|
| Year | 1989 |
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| Value | Log in to see details |
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| In circulation to | 30 November 1991 |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PROVINCIA DE TUCUMAN "BONOS DE CANCELACION DE DEUDAS" LEY N° 5728 FECHA DE CADUCIDAD: 30 DE NOVIEMBRE DE 1991 AL PORTADOR CIEN AUSTRALES Cuna de la Independencia MINISTRO DE ECONOMIA GOBERNADOR SERIE G A 100 (Translation: PROVINCE OF TUCUMAN "DEBT CANCELLATION BONDS" LAW N° 5728 EXPIRY DATE: NOVEMBER 30, 1991 TO THE BEARER ONE HUNDRED AUSTRALES CRADLE OF INDEPENDENCE MINISTER OF ECONOMY GOVERNOR SERIES G) |
| Reverse description | The reverse is printed entirely in pink-magenta on a light guilloche background, the field occupied by the full legal text of the bond instrument in small letterpress. The text reproduces the relevant articles of Ley 5728 as modified by Ley 5866, authorising the Provincial Executive to issue Debt Cancellation Bonds, together with Decreto N° 1989/3 (SH)-89, all contained within a decorative border with a guilloche panel at the right margin. |
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| Comments |
Tucumán's 1989 emergency austral notes were a direct product of Argentina's hyperinflationary collapse that year — the national government had effectively lost the ability to supply provinces with usable currency, forcing several provincial administrations to print their own quasi-money. These notes, technically called "bonos," circulated alongside federal currency and were accepted for local tax payments and public-sector wages, which is what gave them any credibility at all.
Tucumán's series is among the better-documented of the provincial emergency issues, though redemption was patchy and some denominations were never fully retired before the convertibility plan of 1991 changed everything.