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100 Pesos

Issuer Provincia de Río Negro
Year 1995-1996
Type Local banknote
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Obverse description The provincial coat of arms of Río Negro appears at the left, set against a fine guilloche underprint in blue and grey tones. The central vignette carries the large numeral '100' above the legend 'CIEN PESOS', with the full title 'CERTIFICADOS DE DEUDA DE LA PROVINCIA DE RIO NEGRO' in bold letterpress to the right. Two facsimile signatures appear at the lower right, attributed to the Minister of Finance, Public Works and Services and the Governor, with the imprint of Casa de Moneda at the lower left.
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Reverse description The reverse is typeset in black on white stock and carries multiple articles of the enabling legislation in full, arranged in dense columns of text. The official title 'CERTIFICADOS DE DEUDA DE LA PROVINCIA DE RIO NEGRO' heads the text block, with Articles 1 through 6 detailing the authorisation, redemption schedule, interest rate tables expressed in percentage tiers, and regulatory provisions governing these debt certificates. A small ornamental vignette appears at the lower left.
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Comments

Río Negro was one of several Argentine provinces that issued quasi-money during the 1990s under the Convertibility Plan — a legally peculiar situation in which provinces, barred from running deficits in the conventional sense, resorted to printing their own circulating bonds to pay salaries and suppliers. These instruments were nominally redeemable at par with the peso but traded at discounts in practice. The Casa de Moneda printing attribution is consistent with several provincial emissions of this period, lending them a surface credibility that the underlying fiscal reality did not always support.

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