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50 000 Australes
| Issuer | Provincia de Salta |
|---|---|
| Year | 1991 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Printer | Casa de Moneda, Argentina |
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| Engraver(s) | Log in to see details |
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| Obverse description | Bond-style composition printed in gray letterpress over a multicolour guilloche underprint of light violet, turquoise, and beige. The provincial coat of arms is positioned at upper left, with denomination legends and principal inscriptions arranged across the face. The value numeral is repeated vertically in large bold figures along the right margin. |
|---|---|
| Obverse lettering | PROVINCIA DE SALTA ₳50000 BONO DE CANCELACION DE DEUDA LEYES 6228 - 6623 AL PORTADOR FECHA DE CADUCIDAD: 31 DE OCTUBRE DE 1991 ₳50000 CINCUENTA MIL AUSTRALES (vertical on right) (Translation: Province of Salta Debt cancellation bond Laws 6228-6623 To the bearer Expiry date Oct. 31, 1991 Fifty thousand Australes) |
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| Comments |
Argentina's provinces were forced into quasi-currency territory during the early 1990s as the federal government's hyperinflationary collapse drained hard money from circulation entirely. Salta's australes notes — this being the highest denomination in the provincial series — functioned as wage-payment instruments, accepted by local businesses under effective compulsion rather than genuine confidence.
The Casa de Moneda printing is notable: the same federal facility producing increasingly worthless national currency was simultaneously contracted by provinces to print their own parallel instruments. Within months of this note's issue, the Convertibility Plan pegged the new peso to the dollar and rendered the entire provincial scrip experiment obsolete.