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2 Pesos
| Issuer | Provincia de Formosa |
|---|---|
| Year | 2001 |
| Type | Local banknote |
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| Obverse description | The obverse is printed in blue and yellow on light paper, with the provincial coat of arms of Formosa as a central vignette to the left, flanked by guilloche underprint patterns. The denomination 'DOS PESOS' is printed in large bold letters at centre, with issuance and maturity dates (31 de julio de 2001 and 01 de agosto de 2003) inscribed below. Two manuscript signatures appear at the bottom, attributed to the Subsecretaría de Hacienda y Finanzas and the Ministerio de Economía, Obras y Servicios Públicos, with a serial number and 'SERIE A' designation at upper and lower right. |
|---|---|
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| Reverse lettering | PROVINCIA DE FORMOSA BONOS DE CANCELACIÓN DE DEUDAS Leyes N°s 1.296 y 1.342 - Decreto N° 558/01 ARTICULO 1° ARTICULO 5° ARTICULO 8° ARTICULO 9° ARTICULO 11° ARTICULO 15° |
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| Comments |
Formosa is one of the poorest provinces in Argentina, and its 2001 emergency note was issued precisely because the convertibility system — which had pegged the peso to the dollar at par since 1991 — was strangling provincial finances. Provinces across Argentina began printing their own quasi-currencies that year as the federal government restricted their access to funds. These notes, collectively known as "patacones" in Buenos Aires or by local names elsewhere, circulated as wages and were accepted for provincial tax payments.
Formosa's series is among the less documented of the provincial emissions, which makes clean attribution to specific print runs difficult.