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5 Pesos

Issuer Provincia de Jujuy
Year 2007
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Reference(s) P#S2415
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Reverse description Green on light background. The reverse carries the full legal text governing the Titulo Provincial de Financiamiento, organized in numbered articles referencing Ley No. 4824/94, the authorized issuance ceiling of $40,000,000, and conditions of convertibility and circulation. The provincial name PROVINCIA DE JUJUY and the series title appear at the top, with a stylized provincial sun emblem at the right margin. The text is set in small letterpress type covering most of the note surface.
Reverse lettering PROVINCIA DE JUJUY
TITULO PROVINCIAL DE FINANCIAMIENTO LEY Nº 4824/94
ARTICULO 1º
ARTICULO 2º
ARTICULO 3º
ARTICULO 4º
ARTICULO 5º
ARTICULO 6º
ARTICULO 7º
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Comments

Argentina's provincial quasi-currencies — known as lecops, patacones, or simply by their provincial names — emerged from the 2001–2002 convertibility collapse, when the federal government froze bank accounts and the formal peso effectively ceased to function for daily transactions. Jujuy, one of the poorer northwestern provinces, issued its own series to meet payroll obligations and keep local commerce moving. These notes circulated alongside federal currency and were technically redeemable against future provincial tax obligations.

By 2007, most provinces had wound down their emergency issues. A Jujuy emission at that date is late in the cycle and warrants scrutiny as to whether it represents a fresh authorization or a reissue against existing stock.

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