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50 Australes
| Issuer | Provincia de Salta |
|---|---|
| Year | 1988 |
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| Reference(s) | P#S2622 |
| Obverse description | Red and black typography on a multicolour guilloche underprint in pink, orange, and green tones, with a decorative geometric vignette in the upper left corner. The provincial coat of arms of Salta — an oval medallion with a radiant sun and laurel wreath — appears to the left of centre, accompanied by an elaborate spirograph guilloche rosette. A bold red diamond-shaped guilloche ornament occupies the right centre, with the denomination A50 printed in black at upper right and CINCUENTA AUSTRALES lettered vertically along the right margin, with the imprint CASA DE MONEDA below. |
|---|---|
| Obverse lettering | PROVINCIA DE SALTA BONO DE CANCELACION DE DEUDA LEYES 6228 - 6495 AL PORTADOR FECHA DE CADUCIDAD: 31 DE OCTUBRE DE 1991 A50 CINCUENTA AUSTRALES MINISTRO DE ECONOMIA GOBERNADOR (Translation: Province of Salta / Debt Cancellation Bond / Laws 6228-6495 / To the bearer / Expiry date: 31 October 1991 / 50 Australes / Fifty Australes / Minister of Economy / Governor) |
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| Comments |
Argentina's chronic inflation of the late 1980s forced several provinces to issue their own emergency currency — quasi-money that could circulate locally when federal notes were either unavailable in sufficient quantity or losing value faster than they could be distributed. Salta's australes notes, of which this is one denomination, were issued under provincial authority as a stop-gap during the hyperinflationary spiral that would eventually push annual inflation past 3,000 percent in 1989.
Casa de Moneda's involvement lent the issue a degree of official credibility that purely private provincial scrip lacked. The watermark security feature is modest but meaningful — an acknowledgment that even emergency paper needed protection against local counterfeiting.