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100 Pesos

Issuer Provincia de Chaco
Year 2001
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Composition Paper
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Reverse description The reverse, rendered in violet on pale stock, is dominated by a lengthy legal text setting out the statutory basis and conditions of the Quebracho cancellation certificates under Ley N° 4951/01 and Decreto N° 1690/01, organized in numbered articles across the full field. The denomination '100 PESOS' appears in bold type at both upper right and lower left, with the note dated 'Resistencia, 3 de Octubre de 2001' at foot. Guilloche border elements frame the text block on all sides.
Reverse lettering CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DEL CHACO "QUEBRACHO"
Ley N° 4951/01 - Decreto N° 1690/01.-
Artículo 4: Autorízase al Poder Ejecutivo Provincial a emitir certificados de cancelación de obligaciones por las sumas necesarias para asegurar el cumplimiento y la efectivización de las obligaciones contempladas en la Ley de Presupuesto y en Leyes Especiales... Los Certificados se denominarán: "Certificados de Cancelación de Obligaciones de la Provincia del Chaco: QUEBRACHO".
Artículo 6: Los Certificados de Cancelación "QUEBRACHO"... contendrán la formalidad y seguridad exigidas por los artículos 742 a 745 del Código de Comercio y demás condiciones que estime convenientes el Poder Ejecutivo.
Artículo 8: El pago de toda obligación dineraria, tanto pública como privada, efectuado con Certificados de Cancelación "QUEBRACHO", implicará la extinción irrevocable de la obligación.
Artículo 10: Los Certificados de Cancelación "QUEBRACHO" tendrán una paridad de uno igual a uno con el Peso Convertible de Curso Legal.
Conforme al Art. 18 los Certificados de Cancelación "QUEBRACHO" tienen la garantía de la Coparticipación Federal de Impuestos que le corresponden a la Provincia del Chaco.
Resistencia, 3 de Octubre de 2001
100 PESOS
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Comments

The Chaco provincial notes of 2001 belong to the broader wave of Argentine quasi-currencies — known collectively as patacones, lecops, and their provincial equivalents — that flooded the domestic economy as Buenos Aires and the provinces hemorrhaged federal co-participation funds ahead of the December 2001 collapse. Chaco was among the poorest provinces and among the first to exhaust its ability to pay public-sector wages in pesos.

These notes circulated alongside national currency but were accepted only within provincial borders, typically at parity under local government pressure. The lack of a Pick Society reference reflects how recently this material has been taken seriously by cataloguers.

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