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50 Pesos
| Issuer | Provincia de Formosa |
|---|---|
| Year | 2001 |
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| Value | Log in to see details |
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| In circulation to | 2003 |
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| Obverse description | The obverse carries the heading PROVINCIA DE FORMOSA and the subtitle BONOS DE CANCELACION DE DEUDAS across the upper portion, with a serial number in the upper right corner and the denomination numeral 50 as a large blue underprint at right. At left, the provincial coat of arms appears within a guilloche vignette border, with the imprint CASA DE MONEDA at lower left. The denomination CINCUENTA PESOS is inscribed in bold letterpress at centre, accompanied by references to Ley Nº 1.296, Ley Nº 1.342, and Dto. Nº 558/01, along with emission and maturity dates. Two signature panels at bottom bear the titles Subsecretaría de Hacienda y Finanzas and Ministerio de Economía, Obras y Servicios Públicos, with SERIE A at lower right. |
|---|---|
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| Reverse description | The reverse is printed entirely in black on white paper and consists of the full legislative text authorising the issue, headed PROVINCIA DE FORMOSA / BONOS DE CANCELACION DE DEUDAS / Leyes Nºs 1.296 y 1.342 - Decreto Nº 558/01. The text is set in multiple numbered articles detailing the terms, conditions, and legal framework governing the circulation and redemption of the bonds, with no pictorial vignette. |
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| Comments |
Formosa is one of several Argentine provinces that issued its own quasi-currency during the 2001–2002 economic collapse, when the federal government's convertibility regime imploded and provincial administrations faced acute cash shortages. These notes — technically "bonds" or "letters of credit" — circulated alongside federal pesos as de facto money, accepted for wages, taxes, and local commerce out of sheer necessity rather than legal tender status.
Casa de Moneda's involvement gave the issue a degree of physical credibility that some provincial scrip of the period lacked entirely. The PS# designation reflects its classification as a provincial/state issue rather than a central bank note.