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20 000 Chachos

Issuer Provincia de La Rioja
Year 2024
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Shape Rectangular
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Reverse lettering 20.000 CHACHOS (BONO de CANCELACIÓN de DEUDA) AL PORTADOR LEY 10.703 LA RIOJA ARGENTINA
(Translation: 20,000 CHACHOS (DEBT CANCELLATION BONUS) TO THE BEARER LAW 10,703 LA RIOJA ARGENTINA)
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Protection description QR code on obverse linking to the official BOCADE security verification platform for authentication of the debt cancellation bond.
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La Rioja is one of several Argentine provinces that has periodically resorted to quasi-currency when federal transfers fall short. The province issued earlier series of "Chachos" — named after the 19th-century caudillo Ángel Vicente Peñaloza — and this 2024 iteration continues that tradition during a period of acute provincial fiscal stress. The denomination of 20,000 reflects how far inflation had compressed the practical value of earlier low-denomination issues in the series.

The QR code is a notable departure from previous Chacho emissions, allowing digital verification — an acknowledgment that trust in provincial scrip requires more than paper promises.