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50 000 Australes

Issuer Provincia de Tucumán
Year 1990
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Value 50 000 Australes (50 000 ARA)
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Obverse description The central vignette presents the Casa de la Independencia (House of Independence) set within a fine guilloche underprint in green and pink tones. The denomination 50,000 appears in large numerals at lower left, with the Tucumán provincial coat of arms positioned at right; two manuscript signatures are printed below the vignette, attributed to the Ministro de Economía and the Contador respectively. The series letter and serial number are printed in black at upper left and lower left, with the legend CUNA DE LA INDEPENDENCIA incorporated into the design.
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Reverse lettering PROVINCIA DE TUCUMAN – BONOS DE CANCELACION DE DEUDAS LEY 5728 MODIFICADA POR LEY 5866 DECRETO N° 2.781/3 (SH) – 1990
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Comments

Argentina's hyperinflationary collapse of 1989–1990 pushed several provinces to issue their own quasi-currencies, known as bonos or títulos, when the federal government could no longer supply sufficient circulating money. Tucumán's australes notes were among these emergency instruments — provincial obligations that functioned as currency by necessity, accepted in local commerce because there was often nothing else available.

The 50,000-australe denomination underscores how rapidly the national unit had deteriorated. The federal austral itself was replaced by the peso convertible in 1992, rendering all provincial issues of this type effectively worthless shortly after.

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