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20 Pesos
| Issuer | Provincia de Tucumán |
|---|---|
| Year | 2000 |
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| Composition | Paper |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PROVINCIA DE TUCUMAN BONOS DE CANCELACION DE DEUDAS LEY N° 5728 AL PORTADOR FECHA DE CADUCIDAD 31 DE DICIEMBRE DE 2003 VEINTE PESOS (Translation: PROVINCE OF TUCUMAN / DEBT CANCELLATION BONDS / LAW No. 5728 / TO THE BEARER / EXPIRY DATE DECEMBER 31, 2003 / TWENTY PESOS) |
| Reverse description | The reverse is printed in black text on plain white paper and reproduces the full legal text of Ley N° 5728, as modified by Laws 5986, 6098 and 7134, comprising five numbered articles governing the issuance, use, and redemption of the debt cancellation bonds, followed by Decreto 1091/3 (38) 2001. A large numeral '$20' in outline form appears at the right margin as a decorative watermark-style element, and a crosshatch 'X' device is printed at lower right. |
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| Comments |
Argentina's provincial quasi-currencies — known broadly as "cuasimonedas" — proliferated in the late 1990s and early 2000s as provincial governments, starved of federal transfers and locked out of credit markets, began paying salaries and suppliers in locally issued scrip. Tucumán's series was among the earlier examples, preceding the full national collapse of December 2001 that turned this practice from a regional workaround into a near-universal one across Argentine provinces.
These notes circulated alongside federal pesos at nominal par but were routinely discounted in practice, particularly outside provincial borders. Tucumán's fiscal position at the time was notoriously strained, having already experienced a severe provincial crisis in the mid-1990s that required federal intervention.