Catalog
5 Pesos
| Issuer | Provincia de Entre Ríos |
|---|---|
| Year | 2002 |
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| In circulation to | 30 June 2003 |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is printed in black text on white paper and contains the full legal text of the instrument, set in several numbered articles (Artículos 4° through 16°) governing the issuance, redemption, and conditions of the 'Federal' treasury bonds of the Province of Entre Ríos. The text references Ley N° 9359, authorises a total issuance of up to one hundred million pesos, and specifies interest rates, maturity, and guarantee conditions. The issuing authority footer reads 'PARANÁ, 1 de Octubre de 2001' and cites the relevant decree and resolution numbers. |
| Reverse lettering | LETRAS DE TESORERIA PARA CANCELACION DE OBLIGACIONES DE LA PROVINCIA DE ENTRE RIOS - "FEDERAL" ARTICULO 4° ARTICULO 5° ARTICULO 9° ARTICULO 10° ARTICULO 11° ARTICULO 16° DECRETO N° 3909/01 M.J.O.S.R. PARANÁ, 1 DE OCTUBRE DE 2001 |
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| Comments |
Entre Ríos was one of several Argentine provinces that issued its own quasi-currency during the 2001–2002 convertibility crisis, when the federal government froze bank deposits and the national peso effectively ceased to function as a medium of exchange. These provincial notes — technically "bonds" or "letras de cancelación de obligaciones" — circulated as de facto money, accepted by local businesses and government offices out of necessity rather than legal obligation.
Casa de Moneda's Paraná facility handled production, keeping the physical manufacturing within the province. The PS# designation reflects its status as a subnational emergency issue, not a standard central bank note.