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5 Pesos
| Issuer | Provincia de Buenos Aires |
|---|---|
| Year | 2001-2002 |
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| Reference(s) | P#S2312 |
| Obverse description | Portrait of Dardo Rocha at right in intaglio engraving, with his name inscribed below in capital letters. At left, the coat of arms of the Province of Buenos Aires appears as an underprint vignette, with two facsimile signatures of provincial treasury officials below. The denomination "CINCO PESOS" is printed in large letterpress at lower center, with the note's full legal title — "LETRA DE TESORERIA PARA CANCELACION DE OBLIGACIONES (PATACON)" — across the upper field, and the serial number in red at upper left. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is dominated by the full printed text of Law No. 12,727, set in several articles detailing the declaration of administrative and financial emergency and authorizing the issuance of these treasury titles. A tall Corinthian column vignette occupies the left margin, while a decorative guilloche rosette appears at lower right. The large numeral "5" is printed in green at far left and far right within ornamental borders, with the word "PESOS" in red at upper right. |
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| Comments |
The Provincia de Buenos Aires began issuing its own quasi-currency in late 2001 as the federal government's convertibility regime collapsed and the provincial treasury ran short of the pesos it needed to pay public-sector wages. These notes — officially called Patacones — circulated alongside federal currency at parity and were accepted for provincial tax payments, a condition that gave them just enough credibility to function. At their peak, Patacones were changing hands in supermarkets and pharmacies across the province.
Ciccone Calcográfica, then operating under the Compañía de Valores Sudamericana name following a restructuring, printed the series at its Don Torcuato facility — the same plant responsible for much of Argentina's federal security printing. The series was retired by 2003 as the national government absorbed provincial debts under post-crisis stabilization agreements.