Catalog
20 Pesos
| Issuer | Provincia de Tucumán |
|---|---|
| Year | 2003 |
| Type | Local banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PROVINCIA DE TUCUMAN BONOS DE CANCELACION DE DEUDAS SERIE F Ley No 5728 AL PORTADOR $20 MINISTRO DE ECONOMIA GOBERNADOR FECHA DE CADUCIDAD 31 DE DICIEMBRE DE 2003 VEINTE PESOS |
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| Reverse lettering | PROVINCIA DE TUCUMAN - BONOS DE CANCELACION DE DEUDAS LEY 5728 MODIFICADA POR LEYES 5866, 6969 Y 6988 ARTICULO 1 ARTICULO 2 ARTICULO 3 DECRETO 750/3 (ME) 2000 |
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| Comments |
Argentine provinces began issuing their own quasi-currencies — known as cuasimonedas — during the severe liquidity crisis of 2001–2002, when the federal government effectively ran out of pesos to transfer to the provinces. Tucumán's emission was part of that wave, used to pay provincial employees and contractors when hard currency simply wasn't available. Unlike the larger provinces, Tucumán's series remained relatively modest in total volume.
The PS prefix in the Pick reference places this firmly in the emergency provincial issues, a category that became obsolete almost as quickly as it appeared — most cuasimonedas were recalled and redeemed at par by 2003–2004 as the national economy stabilized under Kirchner.