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2 Pesos
| Issuer | Provincia de Mendoza |
|---|---|
| Year | 2002 |
| Type | Log in to see details |
| Value | 2 Pesos |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
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| Obverse description | A vignette of an oil derrick occupies the right portion of the note against a fine guilloche underprint in green and yellow tones. The large denomination numeral "2" appears at lower centre, with the value spelled out "DOS" in bold letterpress above it. Two facsimile signatures — those of the Contador General de la Provincia and the Tesorero General de la Provincia — are printed at lower left, with the series letter and serial number in the upper right corner. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is laid out in a text-heavy format, presenting the full legal text authorising the PETROM treasury bill programme. The heading is printed in bold at the top, followed by three articles of Law 6982 set in smaller letterpress type, detailing the scope, guarantees, and maturity conditions of the emission. A stylised letter "A" watermark-style device appears at the left margin as a decorative initial. |
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| Comments |
Mendoza's provincial quasi-currency emerged directly from the 2001–2002 Argentine financial collapse, when the federal government froze bank deposits under the corralito and provinces lost access to national peso liquidity. Rather than default on wages and supplier payments, several provinces issued their own interest-bearing bonds denominated in pesos — effectively parallel currencies that circulated alongside federal notes. Mendoza's series, known as Petrobonos due to their partial backing by provincial oil revenues, was among the more credibly underpinned of these instruments.
Casa de Moneda's involvement gave the notes a physical credibility that cruder provincial emissions lacked — a deliberate political signal at a moment when public trust in any paper was badly damaged.