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20 Pesos
| Issuer | Provincia de Chaco |
|---|---|
| Year | 2001 |
| Type | Log in to see details |
| Value | 20 Pesos |
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| Composition | Log in to see details |
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| Obverse description | Printed in red-brown tones on light paper, the obverse carries the heading 'PROVINCIA DEL CHACO / CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DEL CHACO "QUEBRACHO"' across the upper portion. A portrait vignette of Manuel Obligado appears at the right, identified by name below; to the left, decorative guilloche underprint panels flank a central text block listing emission date, maturity dates, and interest rate details under Ley N° 4951/01 and Decreto N° 1690/01. The denomination 'VEINTE PESOS' is printed in bold letterpress at centre-lower, with the serial number and 'SERIE 1' at upper right. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is printed in pale red-brown on light paper and carries a lengthy legal text block in Spanish across the central field, setting out articles 4, 6, 8, and 10 of the authorising provincial law, followed by the place and date 'Resistencia, 3 de Octubre de 2001'. The heading 'CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DEL CHACO "QUEBRACHO"' and the legal reference 'Ley N° 4951/01 · Decreto N° 1690/01' appear at the top, while the denomination '20 PESOS' is repeated in the upper-right and lower-left corners against guilloche rosette underprint panels. |
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| Comments |
The Chaco 20 Peso note is one of the provincial emergency quasi-currencies — locally called *lecops* or, in Chaco's case, *quebracho* — issued during Argentina's 2001 fiscal collapse when provinces lost access to federal transfers and needed to pay salaries and suppliers in something other than pesos they didn't have. Casa de Moneda printed these under contract for multiple provinces simultaneously, which is why the production quality is considerably more polished than the scrip-like appearance might suggest.
Chaco named its bond currency after the quebracho tree, the province's historic economic backbone. The notes circulated at par with the peso under provincial decree but were not accepted universally outside Chaco's borders.