2 Pesos

Cuyo, a small municipality in La Rioja province, issued emergency fractional currency during the early 1940s when Argentina's wartime coin shortage left provincial towns functionally without small change. The national government's decision to redirect metals toward strategic use created a vacuum that dozens of municipalities filled with locally-produced paper scrip — some rudimentary, some surprisingly well-executed.

The P#S972 belongs to a series that circulated strictly within Cuyo's limits, legally valid only for local transactions. These municipal emissions were quietly withdrawn once national coinage returned to normal supply, and survivors typically show hard use.