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50 Australes
| Issuer | Provincia de La Rioja |
|---|---|
| Year | 1987-1989 |
| Type | Local banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PROVINCIA DE LA RIOJA BONO CANCELACION DE DEUDA LEY 4534 AL PORTADOR Y A LA VISTA Cincuenta Australes SERIE F MINISTRO DE HACIENDA Y O.P. GOBERNADOR CASA DE MONEDA (Translation: La Rioja Province Debt Cancellation Bond Law 4534 To the bearer and at sight Fifty Australes Series F Minister of Finance and Public Works Governor Mint) |
| Reverse description | The reverse is dominated by a dense block of small-print legislative text in Spanish setting out the full articles of Provincial Law 4534 authorising the bond issue, headed by a repeated bond title at upper centre. A large numeral 50 occupies the left margin, while a multicolour geometric guilloche panel matching the obverse design is positioned at the right margin, with 'Cincuenta Australes' printed vertically alongside it. |
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| Comments |
La Rioja's australes issues belong to a short-lived experiment in Argentine provincial quasi-money, prompted by the chronic shortage of federal currency during the late 1980s hyperinflationary collapse. Several provinces issued their own notes backed by nothing more credible than a promise of eventual redemption in national currency — a promise frequently broken or indefinitely deferred.
Casa de Moneda printed these for the province, which gave them a veneer of official legitimacy that private or foreign-printed provincial scrip lacked. Whether that mattered in practice is another question: by the time these circulated, Argentines were already pricing goods in dollars informally.