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5 Australes

Issuer Provincia de Tucumán
Year 1985-1986
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Size 155 × 65 mm
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Obverse lettering PROVINCIA DE TUCUMAN `BONOS DE CANCELACION DE DEUDAS` SERIE D LEY N° 5728 AL PORTADOR - FECHA DE CADUCIDAD: 30 DE NOVIEMBRE DE 1987 Cinco Australes `QUE EL FEDERALISMO ALIMENTE, ROJO Y CALIENTE, LA CELULA VIVA DE LA NACION`. FERNANDO RIERA, 1° DE ABRIL DE 1985. Cinco Australes
(Translation: PROVINCE OF TUCUMAN `DEBT CANCELLATION BONDS` SERIES D LAW N° 5728 TO THE BEARER - EXPIRY DATE: NOVEMBER 30, 1987 Five Australes `MAY FEDERALISM FEED, RED AND HOT, THE LIVING CELL OF THE NATION`. FERNANDO RIERA, APRIL 1, 1985. Five Australes)
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Reverse lettering PROVINCIA DE TUCUMAN - BONOS CANCELACION DE DEUDAS - LEY 5728 Artículo 1 ...
(Translation: PROVINCE OF TUCUMAN - DEBT CANCELLATION BONDS - LAW 5728 Article 1 ...)
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Comments

Tucumán's provincial austral notes were an emergency response to the near-total collapse of liquidity in Argentina's interior during the mid-1980s. With hyperinflation eroding the national currency faster than the Banco Central could supply physical notes, several provinces issued their own quasi-currency — locally redeemable, legally dubious, and politically fraught. Tucumán's series circulated alongside national australes but was frequently refused by merchants outside the province.

Provincial emissions from this period are notoriously short-lived in circulation, which paradoxically makes worn examples more historically honest than surviving crisp ones.

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