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20 Pesos
| Issuer | Provincia de Mendoza |
|---|---|
| Year | 2002 |
| Type | Local banknote |
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| Obverse description | At right, a vignette of an oil derrick rendered in intaglio-style line engraving against a light guilloche underprint. The denomination numeral '20' appears twice in large format, at upper left and lower center. The Mendoza provincial coat of arms is printed at lower right. Two facsimile signatures of the Contador General de la Provincia and the Tesorero General de la Provincia appear at bottom center, with their respective titles below. The imprint 'CASA DE MONEDA' is noted at lower left. |
|---|---|
| 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) |
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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.