Catalog
20 Pesos
| Issuer | Provincia de Mendoza |
|---|---|
| Year | 2002 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | PROVINCIA DE MENDOZA LETRAS DE TESORERIA GARANTIZADAS CON REGALIAS PETROLIFERAS PETROM AL PORTADOR VEINTE Pesos Valor Nominal 20 CONTADOR GENERAL DE LA PROVINCIA TESORERO GENERAL DE LA PROVINCIA SERIE A CASA DE MONEDA (Translation: MENDOZA PROVINCE / GUARANTEED TREASURY BILLS WITH OIL ROYALTIES / PETROM / TO THE BEARER / TWENTY / Pesos Nominal Value / 20 / GENERAL COMPTROLLER OF THE PROVINCE / GENERAL TREASURER OF THE PROVINCE / SERIES A / MINT) |
| Reverse description | The reverse bears a full text block of three articles from Provincial Law No. 6982, printed in dark ink on a lightly tinted background. The heading is centred at top, with the legal text arranged in justified columns below. No pictorial vignette is present; the design is entirely typographic, conveying the statutory guarantee underpinning the PETROM treasury bill issue. |
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| Comments |
Argentina's 2001–2002 financial collapse triggered a constitutional crisis that left the country cycling through five presidents in under two weeks. Provinces, unable to access frozen federal funds, began printing their own quasi-currencies to meet payroll and keep local economies moving. Mendoza's series — called "Petrobonos" informally, though the term wasn't universally applied — was among the more substantial provincial emissions, backed notionally by the province's petroleum revenues.
Casa de Moneda printed these under contract, an unusual arrangement that gave provincial scrip a degree of physical credibility it might otherwise have lacked. The notes circulated alongside federal pesos at par by local convention, not legal mandate.