Catalog
500 Australes
| Issuer | Provincia de Jujuy |
|---|---|
| Year | 1989 |
| Type | Log in to see details |
| Value | 500 Australes (500 ARA) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
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| Obverse description | The central vignette presents a uniformed general reviewing a military formation, flanked by the provincial coat of arms; the composition is executed in black intaglio over a pink and tan guilloche underprint. A bordered frame with decorative geometric underprint patterns encloses the denomination and issuing authority inscriptions. The serial number, expiry date, and legal references appear within the framing cartouche. |
|---|---|
| Obverse lettering | Log in to see details |
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| Protection type | Watermark |
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| Comments |
Jujuy's provincial emergency notes of 1989 were born out of Argentina's catastrophic hyperinflation crisis — by mid-year, annual inflation had surpassed 3,000%, and the national government was essentially unable to maintain adequate cash supply to the provinces. Several Argentine provinces issued their own quasi-currency that year, locally called "patacones" or simply "bonos," to cover payroll and basic transactions when federal banknotes ran dry.
The Austral itself was already a failed rescue — introduced in 1985 to replace the Peso Argentino at 1,000 to one, it lasted barely six years before being swept away by the Peso in 1992. A provincial 500 Austral note issued in 1989 was, by the time it reached circulation, worth almost nothing in real terms.