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100 Pesos
| Issuer | Provincia de Chaco |
|---|---|
| Year | 2001-2002 |
| Type | Log in to see details |
| Value | 100 Pesos |
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| Composition | Log in to see details |
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| Obverse description | Portrait vignette of Manuel Obligado at right, rendered in intaglio style against a purple and lilac guilloche underprint. At upper left, the provincial coat of arms of Chaco appears alongside the title text and legal references. The large denomination numeral '100' is printed in bold at lower right, with the value 'CIEN PESOS' in letterpress below the central text block detailing emission date, interest rate, and maturity dates. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is dominated by a block of legal text in Spanish reproducing selected articles of Law N° 4951/01 and Decree N° 1690/01, printed against a pale lilac guilloche underprint. Decorative side panels with intricate lathe-work patterns flank the text on both left and right margins. The denomination '100 PESOS' appears in the upper right corner and again at lower left, with the issuing location 'Resistencia, 3 de Octubre de 2001' noted at the foot of the text. |
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| Comments |
This is one of the provincial "quasi-currencies" issued across Argentina during the 2001–2002 convertibility crisis, when peso liquidity collapsed and provincial governments began paying salaries and obligations in their own interest-bearing bonds. Chaco, one of Argentina's poorest provinces, had neither the reserves nor the credit to hold out without issuing its own scrip. The notes circulated under practical compulsion — retailers accepted them because refusal meant no business at all.
Casa de Moneda printing lent these bonds a degree of physical credibility that many other provincial issues lacked. The federal government eventually forced a redemption program in 2003, and most were exchanged or destroyed.