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50 Australes
| Issuer | Provincia de Tucumán |
|---|---|
| Year | 1986-1987 |
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| Size | 155 × 65 mm |
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| Obverse description | The face of the bond is laid out in a certificate format, with the denomination and issuing authority inscribed across the upper portion. Serial numbers appear at upper right and lower right, flanking the central text block. Printed signatures for the Minister of Economy and the Governor appear at the foot of the note, with the caption 'JARDIN DE LA REPUBLICA' referencing the provincial epithet of Tucumán. |
|---|---|
| Obverse lettering | PROVINCIA DE TUCUMAN `BONOS DE CANCELACION DE DEUDAS` SERIE F LEY N 5728 AL PORTADOR FECHA DE CADUCIDAD 30 DE NOVIEMBRE DE 1987 MINISTRO DE ECONOMIA GOBERNADOR JARDIN DE LA REPUBLICA (Translation: TUCUMAN PROVINCE `DEBT CANCELLATION BONDS` SERIES F LAW N 5728 TO THE BEARER EXPIRY DATE NOVEMBER 30, 1987 ECONOMY MINISTER GOVERNOR GARDEN OF THE REPUBLIC) |
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| Comments |
Argentine provinces have periodically issued their own quasi-currency during federal fiscal crises, and Tucumán's austral-denominated notes from 1986–87 fall squarely into that tradition. The national austral itself had only been introduced in June 1985 as part of the Austral Plan — an emergency stabilization program under Alfonsín — so Tucumán was issuing provincial paper denominated in a currency that was barely a year old and already under inflationary pressure.
These notes functioned as bonds redeemable for national currency, used to pay provincial employees when federal transfers ran short. Two catalog references (Colantonio 116 and 117) suggest a signature or series variant within the issue.