Catalog
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| Issuer | Provincia de Chaco |
|---|---|
| Year | 2001 |
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| Currency | Peso (1992-date) |
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| Obverse description | Light blue note with the coat of arms of the Province of Chaco rendered in an intricate guilloche vignette at right, surrounded by ornamental underprint patterns. At upper left, the issuer's title reads 'PROVINCIA DEL CHACO / CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DEL CHACO QUEBRACHO', with references to Ley N° 4951/01 and Decreto N° 1690/01, emission date of 12 October 2001, interest rate of 8% annual, and maturity dates. The large denomination numeral '2' appears in blue at lower left and right, with 'DOS PESOS' in bold letters at centre. |
|---|---|
| Obverse lettering | PROVINCIA DEL CHACO CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DEL CHACO "QUEBRACHO" AL PORTADOR LEY N° 4951/01 - DECRETO N° 1690/01 FECHA DE EMISION: 12 DE OCTUBRE DE 2001 TASA DE INTERES: 8% ANUAL FECHA DE VENCIMIENTO INTERESES 1° CUOTA: 12 DE OCTUBRE DE 2002 FECHA DE VENCIMIENTO CAPITAL E INTERES 2° CUOTA: 12 DE ABRIL DE 2003 DOS PESOS TESOREO GENERAL MINISTERIO DE ECONOMIA OBRAS Y SERVICIOS PUBLICOS CASA DE MONEDA SERIE 1 |
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| Comments |
The Chaco note is one of several provincial quasi-currencies — locally called "cuasimonedas" — issued by Argentine provinces during the 2001–2002 fiscal collapse, when the federal government froze bank accounts and provinces lost access to national funding. Unable to pay salaries and suppliers, Chaco printed its own scrip and put it into circulation alongside the peso.
These issues circulated out of necessity, accepted at face value in local commerce by provincial decree. Most were eventually redeemed at par or near-par after the federal government stepped in with bond swap programs in 2003, after which surviving examples passed quickly into collector hands rather than landfills.