50 000 Australes

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.