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| 正面描述 | At right, an intaglio portrait of Juan Facundo Quiroga in three-quarter view, his name inscribed vertically along the right margin. The left portion carries a multicolour geometric panel with a large guilloche numeral 50, alongside the vertical inscription 'Cincuenta Australes'. The central field bears the issuing authority title, bond designation, and law reference over a fine guilloche underprint, with two manuscript signature lines for the Minister of Finance and the Governor respectively, and a serial number at lower left. |
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| 背面铭文 | PROVINCIA DE LA RIOJA - BONO CANCELACION DE DEUDA - LEY 4534 LA CAMARA DE DIPUTADOS DE LA PROVINCIA SANCIONA CON FUERZA DE LEY: Articulo 1: ... (Translation: La Rioja Province - Debt Cancellation Bond - Law 4534 The Provincial House of Deputies passes with the force of law: Article 1: ... (full text of the law)) |
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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.