100 Pesos

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.