2 Pesos

Tucumán's quasi-currency emission of 1999 belongs to the wave of provincial "cuasimonedas" that proliferated across Argentina as the convertibility straitjacket — one peso pegged to one dollar — starved provincial governments of liquidity. Unable to devalue or print national currency, cash-starved provinces issued their own obligations in lieu of wages and public payments. Tucumán's notes circulated alongside those of at least a dozen other provinces, all technically redeemable in pesos but trading at discounts in practice.

The series preceded the full collapse by roughly two years; when the convertibility system finally broke in late 2001, most surviving provincial paper was absorbed into federal emergency settlement arrangements at negotiated rates.