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20 Pesos
| Issuer | Provincia de Buenos Aires |
|---|---|
| Year | 2001-2002 |
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| In circulation to | 25 July 2002 |
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| Obverse description | Intaglio-printed portrait of Dardo Rocha in right-center position, rendered in red on a fine guilloche underprint. The Argentine national coat of arms appears at lower left, with the denomination numeral "20" in gold at upper left and in red at right. Two facsimile signatures of the Contador General and Tesorero General of the Province appear below the central vignette. |
|---|---|
| Obverse lettering | 20 PROVINCIA DE BUENOS AIRES LETRA DE TESORERIA PARA CANCELACION DE OBLIGACIONES (PATACON) AL PORTADOR LEY Nº 12.774 20 PESOS Víctor E. Pereira Contador General de la Provincia de Buenos Aires Amílcar Zufriategui Tesorero General de la Provincia de Buenos Aires VEINTE PESOS VALOR NOMINAL DARDO ROCHA (Translation: 20 PROVINCE OF BUENOS AIRES TREASURY TITLE FOR CANCELLATION OF OBLIGATIONS (PATACON) TO THE BEARER LAW Nº 12.774 20 PESOS Víctor E. Pereira General Accountant of the Buenos Aires Province Amílcar Zufriategui General Treasurer of the Buenos Aires Province TWENTY PESOS NOMINAL VALUE DARDO ROCHA) |
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| Comments |
These provincial notes were issued by Buenos Aires Province during Argentina's terminal convertibility crisis, when the federal government's decade-long peso-dollar peg was collapsing and provincial administrations across the country began printing their own quasi-currencies to meet payroll and social obligations. Buenos Aires Province called theirs "Patacones" — a name borrowed from an old colonial silver coin, which carried obvious political weight. Ciccone Calcográfica, the established Buenos Aires-province security printer, handled production at Don Torcuato throughout the series.
The Patacón was technically a bond, redeemable for pesos and accepted for provincial taxes. That dual status kept it afloat longer than most of the rival provincial scrips issued in 2001–2002, several of which collapsed within months.