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5 Pesos
| Issuer | Provincia de Tucumán |
|---|---|
| Year | 1999 |
| Type | Local banknote |
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| Obverse description | Gold and green underprint with an elaborate guilloche pattern frames the large numeral '5' at centre-left. At right, a finely rendered intaglio vignette of a classical government building facade anchors the composition, while the series designation 'SERIE E' appears at left alongside two manuscript signatures of the Minister of Economy and the Governor. Serial numbers print twice in orange, at upper right and lower centre. |
|---|---|
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| Reverse description | Printed throughout in green tones, the reverse is largely occupied by the full legislative text authorising the bond issue, set in small typeface across multiple numbered articles. A guilloche panel at left carries the heraldic emblem of the Province of Tucuman, with the complete title of the issuing authority and the amending laws reproduced in the heading and a decree reference at the foot. |
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| Comments |
Tucumán's quasi-currency issues of the late 1990s emerged directly from Argentina's convertibility straitjacket. Provinces could not devalue or print pesos — those were pegged to the dollar — but they could issue debt instruments, and Tucumán's "Bocade" bonds circulated as functional money when federal transfers dried up. This 5 Pesos piece is one of those instruments, spending alongside legal tender in local commerce rather than sitting in any portfolio.
The 2001–2002 crisis that made these notes famous nationally was already prefigured by Tucumán's chronic fiscal distress years earlier. This 1999 issue predates the full collapse by two years.