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50 Pesos
| Issuer | Provincia de Chaco |
|---|---|
| Year | 2001-2002 |
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| Composition | Log in to see details |
| Size | 155 × 65 mm |
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|---|---|
| Obverse lettering | PROVINCIA DEL CHACO CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DEL CHACO `QUEBRACHO` AL PORTADOR LEY N° 4951/01 - DECRETO N° 1690/01 FECHA DE EMISIÓN: TASA DE INTERES 12 de Octubre de 2001 8% ANUAL FECHA DE VENCIMIENTO FECHA DE VENCIMIENTO INTERES 1° CUOTA: CAPITAL E INTERESES 2° CUOTA: 12 de OCTUBRE de 2002 12 de ABRIL 2003 CINCUENTA PESOS (Translation: CHACO PROVINCE CERTIFICATES OF CANCELLATION OF OBLIGATIONS OF THE PROVINCE OF CHACO `QUEBRACHO` TO THE BEARER LAW N° 4951/01 - DECREE N° 1690/01 ISSUE DATE: INTEREST RATE October 12, 2001 8% ANNUAL EXPIRATION DATE INTEREST 1st INSTALMENT: CAPITAL AND INTEREST 2nd INSTALMENT: OCTOBER 12, 2002 APRIL 12, 2003 FIFTY PESOS) |
| Reverse description | Plain white ground with a central text block reproducing several articles of Law N° 4951/01 and Decree N° 1690/01, set within a simple ornamental border. The denomination '50 PESOS' appears in blue at upper right and lower left, with the series title in bold across the top. The document is dated Resistencia, 3 de Octubre de 2001 at the foot of the text. |
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| Comments |
The Chaco 50 Pesos is a provincial bond note — a "bono" — issued during Argentina's catastrophic 2001–2002 fiscal collapse, when provincial governments across the country printed their own quasi-currencies to pay salaries and suppliers after federal transfers dried up. Chaco was among the poorer northern provinces, heavily dependent on federal revenue sharing, and had almost no capacity to absorb the shock when transfers stopped.
The two Pick references (254 and 255) reflect date variants within the same short emission window. Provincial bonos of this period were legally interest-bearing instruments, though in practice most circulated purely as cash substitutes and were never redeemed at face value.