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100 Pesos
| Issuer | Provincia de Río Negro |
|---|---|
| Year | 1995 |
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| Composition | Paper |
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| Obverse description | The obverse carries a central large numeral '100' over the inscription 'CIEN PESOS', within a fine guilloche underprint. The upper portion bears the title 'PROVINCIA DE RIO NEGRO' and the legend 'CERTIFICADOS DE DEUDA DE LA PROVINCIA DE RIO NEGRO', with a serial number in the upper right and lower left corners. A provincial coat of arms vignette appears to the left, alongside decorative floral motifs, and lower inscriptions include 'CEDERN – SERIE B', 'DECRETO LEY 9/95', 'AL PORTADOR', and the emission date '04-12-95', with two facsimile signature fields designated for the Ministro de Hacienda and the Gobernador. |
|---|---|
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| Reverse description | The reverse is printed entirely in black on white paper and comprises the full legal text of the 'CERTIFICADOS DE DEUDA DE LA PROVINCIA DE RIO NEGRO', set out in multiple numbered articles detailing the authorisation, purpose, and redemption conditions of the certificates. The text is arranged in two columns of dense typography, referencing the CEDERN scheme and specifying redemption scales in percentages. A small provincial emblem appears in the lower left corner. |
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| Comments |
Río Negro's provincial quasi-currency program of the mid-1990s was a direct response to the fiscal squeeze imposed by Convertibility. With the peso pegged one-to-one to the dollar and provincial governments denied the ability to run deficits freely, several Argentine provinces began issuing their own debt instruments — technically bonds, functionally cash. These circulated alongside the national peso in local commerce, accepted by provincial employees and traders who had little choice.
Casa de Moneda's involvement gave the notes a veneer of official legitimacy that many similar provincial instruments lacked. Río Negro's series was among the more formally produced of the provincial bond issues.