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5 Australes
| Issuer | Provincia de La Rioja |
|---|---|
| Year | 1986 |
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| Reference(s) | P#S2504 |
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|---|---|
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| Reverse description | The reverse is printed in brown and black on white paper and carries the full legal text of Ley 4534 in seven numbered articles, authorizing the Poder Ejecutivo of La Rioja to issue Bonos de Cancelacion de Deuda up to ten million australes. The heading PROVINCIA DE LA RIOJA - BONO CANCELACION DE DEUDA - LEY 4534 runs across the top, with LA CAMARA DE DIPUTADOS DE LA PROVINCIA below it. The denomination CINCO AUSTRALES is printed vertically along the right margin, with the numeral 5 at the upper left. |
| Reverse lettering | PROVINCIA DE LA RIOJA - BONO CANCELACION DE DEUDA - LEY 4534 LA CAMARA DE DIPUTADOS DE LA PROVINCIA SANCIONA CON FUERZA DE LEY: Cinco Australes 5 |
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| Comments |
La Rioja's provincial austral notes were issued in 1986 as a direct response to the chronic shortage of small-denomination federal currency that plagued Argentina's interior provinces during the hyperinflationary spiral of the mid-1980s. They are not federal obligations — they circulated as de facto local scrip, legally grounded in provincial emergency decree, accepted by provincial government offices and participating merchants but carrying no guarantee from the Banco Central de la República Argentina.
Casa de Moneda printed them, which gave the notes a veneer of official legitimacy their actual monetary standing didn't quite warrant. Provincial issues from this period were often redeemed at a discount once federal liquidity improved, and many were simply absorbed into everyday transactions and worn to destruction.