Catalog
50.000 Australes
| Issuer | Provincia de Jujuy |
|---|---|
| Year | 1991 |
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| Reference(s) | P#S0 |
| Obverse description | Printed in blue and violet on white paper with a fine guilloche underprint, the obverse carries the headings PROVINCIA DE JUJUY and TITULO PUBLICO AL PORTADOR above a reference to Ley N° 4248, Art. 16°, with a central vignette of a stylised flamingo set within decorative foliate scrollwork. The denomination CINCUENTA MIL AUSTRALES is rendered in large letterpress type to the left, while the bold numeral ₳ 50.000 appears at the lower right, flanked by spaces for the Ministro de Economía and Gobernador signatures and the series and expiry date notations. |
|---|---|
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| Reverse lettering | PROVINCIA DE JUJUY · TITULO PUBLICO AL PORTADOR EL GOBERNADOR DE LA PROVINCIA EN ACUERDO GENERAL DE MINISTROS DECRETA: ₳ 50.000 DECRETO-ACUERDO N° 1-442/E-91 |
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| Comments |
Jujuy's 1991 emergency quasi-currency came out of Argentina's broader provincial fiscal collapse. With the national government unable to backstop provincial payrolls, several Argentine provinces issued their own bonds-cum-banknotes — called "bonos" or "letras de tesorería" — to pay public employees. Jujuy was among the more aggressive issuers, printing large-denomination notes as hyperinflation had already rendered smaller figures meaningless.
The austral itself was abolished in January 1992, replaced by the convertible peso at a rate of 10,000 australes to one peso. A 50,000-austral provincial note thus had an extremely brief window of practical relevance.