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20 Pesos
| Issuer | Provincia de La Rioja |
|---|---|
| Year | 2003 |
| Type | Local banknote |
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| Obverse description | The obverse carries the provincial coat of arms of La Rioja at upper left, with the heading PROVINCIA DE LA RIOJA above and BONOS DE CANCELACION DE DEUDAS in a bold banner below. A portrait of Eva Perón occupies the right portion of the note, accompanied by the denomination VEINTE PESOS rendered in large numerals at lower right. Two facsimile signatures with official titles appear at centre-left, alongside the series designation SERIE A and a serial number repeated twice. |
|---|---|
| Obverse lettering | PROVINCIA DE LA RIOJA BONOS DE CANCELACION DE DEUDAS SERIE A Ley N° 7.113 AL PORTADOR VEINTE PESOS 20 |
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| Comments |
Argentina's provincial quasi-currency experiment — the so-called "patacones" and their regional equivalents — emerged from the catastrophic 2001–2002 economic collapse, when the federal government froze bank accounts and the country effectively ran out of hard currency for day-to-day commerce. La Rioja was among the provinces that had already been issuing its own parallel scrip, the Petrom, for years before the national crisis hit, making it better positioned than most to expand circulation when the peso became functionally useless.
These provincial notes were legally denominated in pesos but redeemable only against future tax obligations, a mechanism that blurred the line between currency and government IOU. By 2003, federal stabilization had resumed and most provinces were under pressure to withdraw their scrip — this issue dates to that unwinding phase.