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5 Centavos - Province of Jujuy
| Issuer | Provincia de Jujuy (Tesorería) |
|---|---|
| Year | 1903 |
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| Size | 90 x 52 mm |
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| Obverse description | Printed in black on pale buff paper with an ornate guilloche border. The provincial arms of Jujuy appear in an intaglio vignette at the upper left, flanked by the issuer's name in a curved banner. The denomination "Cinco Centavos m/n" is rendered in large italic script at centre, with series designation, serial number, and date "Jujuy 1º de Enero de 1903" below; two manuscript signatures with printed titles "Contador General" and "Ministro General" appear at the foot, above the printer's imprint. |
|---|---|
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| Reverse lettering | ART. 4º. ESTAS OBLIGACIONES SERÁN EN TODO CASO ENTREGADAS POR SU VALOR EN CRÉDITO, DEBIENDO ACEPTARSE EN IGUALES CONDICIONES QUE EL GOBIERNO EN PAGO DE CUALQUIER IMPUESTO Y EN VENTA DE TIERRAS FISCALES. ART. 5º. LAS OBLIGACIONES DE TESORERÍA GOZARÁN DE LA RENTA DEL 4% ANUAL, SERÁN AMORTIZADAS EN EL TÉRMINO MÁXIMO DE DOCE AÑOS, A CUYO EFECTO SE DESTINARÁ ANUALMENTE EN EL PRESUPUESTO GENERAL UNA SUMA QUE NO BAJE DE LA DÉCIMA PARTE DE LA EMISIÓN TOTAL. LEYES 18 DE MAYO 1893 Y 1º DE OCT. 1902. (Translation: Article 4. These obligations shall in all cases be delivered at their face value on credit, and shall be acceptable under the same conditions as those offered by the government in payment of any tax and in the sale of public lands. Article 5. Treasury obligations shall bear a 4% annual return and shall be amortized within a maximum term of twelve years, for which purpose a sum no less than one-tenth of the total issue shall be allocated annually in the General Budget. Laws of May 18, 1893, and October 1, 1902.) |
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| Comments |
Provincial treasury notes from Jujuy are among the more obscure emissions in Argentine fiscal history. The province, tucked into the far northwest near the Bolivian border, had chronic difficulty accessing national currency in sufficient quantities at the turn of the century — a practical problem that pushed several Argentine provinces into issuing their own low-denomination fractional notes for local retail use.
The Compañía Sud-Americana de Billetes de Banco handled the bulk of provincial and municipal paper in this period, making them the de facto jobbing printer for fiduciary emergencies across the republic. Five centavos was about as small as these emissions got.