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1000 Australes
| Issuer | Provincia de Jujuy |
|---|---|
| Year | 1989 |
| Type | Log in to see details |
| Value | 1000 Australes (1000 ARA) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | A1000 PROVINCIA DE JUJUY TITULO PUBLICO AL PORTADOR LEY No 4439/89 - ART. 28 MIL AUSTRALES FECHA DE CADUCIDAD: 31 DE DICIEMBRE DE 1991 (Translation: A1000 PROVINCE OF JUJUY PUBLIC TITLE TO THE BEARER LAW No. 4439/89 - ART. 28 ONE THOUSAND AUSTRALES EXPIRY DATE: DECEMBER 31, 1991) |
| Reverse description | Log in to see details |
| Reverse lettering | PROVINCIA DE JUJUY - TITULO PUBLICO AL PORTADOR EL GOBERNADOR DE LA PROVINCIA DECRETA: Articulo 1: ... (Translation: PROVINCE OF JUJUY - PUBLIC BEARER TITLE THE GOVERNOR OF THE PROVINCE DECREES: Article 1: ...) |
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| Comments |
Jujuy's provincial emergency notes of 1989 were a direct consequence of Argentina's hyperinflationary collapse under the austral — by mid-year, inflation was running at several thousand percent annually, and the federal government was effectively unable to supply provinces with circulating currency. Jujuy, one of the poorest provinces in the northwest, issued these quasi-moneda notes as salary instruments, redeemable locally but not guaranteed by the Banco Central.
The austral itself would be abolished in 1992, replaced by the peso convertible at 10,000 to 1. A provincial note denominated in a currency that ceased to exist within three years of issue.