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100 Pesos

Issuer Provincia de Río Negro
Year 1995
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Value 100 Pesos
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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 lettering CERTIFICADOS DE DEUDA DE LA PROVINCIA DE RIO NEGRO
ARTICULO 1°
ARTICULO 2°
ARTICULO 3°
ARTICULO 4°
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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.

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