Catalog
5 Pesos
| Issuer | Tesorería de la Provincia de Buenos Aires |
|---|---|
| Year | 2006 |
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| In circulation to | 2006 |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PROVINCIA DE BUENOS AIRES LETRA DE TESORERIA PARA CANCELACION DE OBLIGACIONES (PATACON) AL PORTADOR LEY Nº 12.774 CINCO PESOS VALOR NOMINAL DARDO ROCHA 5 PESOS |
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| Reverse lettering | LEY Nº 12.774 ARTICULO 14° ARTICULO 10° ARTICULO 1° RESOLUCION DEL MINISTRO DE ECONOMIA DE LA PROVINCIA DE BUENOS AIRES Nº 300/06 5 PESOS |
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| Comments |
The Tesorería de la Provincia de Buenos Aires began issuing these provincial notes during the 2001–2002 Argentine financial crisis, when the federal government froze bank deposits under the so-called "corralito" and then the broader "corralón." Provinces, unable to meet payroll and social obligations in pesos, issued their own quasi-currencies — Buenos Aires Province issued the Patacón series, of which this is a later-dated survivor.
Patacones were legal for tax payments to the provincial government and briefly accepted at major supermarket chains, giving them de facto daily-use status despite having no federal backing. By 2006, most had been redeemed and withdrawn; a note dated that year suggests either a late redemption tranche or a reissue for accounting clearance rather than fresh circulation.