20 Pesos

Formosa's 2001 emergency note is one of the provincial quasi-currencies issued during Argentina's slow-motion fiscal collapse before the December 2001 crisis forced the federal government's hand. These provincial bonds — called "Lecops" at the national level and given various local names by individual provinces — circulated as de facto currency when cash became genuinely scarce, accepted for taxes, provincial salaries, and eventually retail transactions whether merchants liked it or not.

Formosa was among the poorer, more federally dependent provinces, which made its reliance on scrip particularly acute. The PS#0 reference indicates this piece hasn't been formally catalogued in Pick's supplement — documentation on the minor provincial issues from this period remains patchy.