Catalog
5 Australes
| Issuer | Provincia de La Rioja |
|---|---|
| Year | 1986 |
| Type | Log in to see details |
| Value | 5 Australes |
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| Obverse description | The obverse is printed in shades of pink and violet on white paper. The upper centre carries the heading PROVINCIA DE LA RIOJA / BONO CANCELACION DE DEUDA / LEY 4534, with the text AL PORTADOR Y A LA VISTA below a small wreath vignette. A portrait of a historical figure is positioned to the right. The large denominational numeral A5 appears at the lower right, flanked by two signature lines identified as MINISTRO DE HACIENDA Y O.P. and GOBERNADOR, with a serial number printed at both top right and bottom left. |
|---|---|
| Obverse lettering | PROVINCIA DE LA RIOJA BONO CANCELACION DE DEUDA LEY 4534 SERIE D AL PORTADOR Y A LA VISTA Cinco Australes A5 MINISTRO DE HACIENDA Y O.P. GOBERNADOR CASA DE MONEDA |
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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.