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500 Australes
| Issuer | Provincia de Tucumán |
|---|---|
| Year | 1989 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | PROVINCIA DE TUCUMAN "BONOS DE CANCELACION DE DEUDAS" LEY N° 5728 FECHA DE CADUCIDAD: 30 DE NOVIEMBRE DE 1991 AL PORTADOR QUIINIENTOS AUSTRALES CUNA DE LA INDEPENDENCIA MINISTRO DE ECONOMIA GOBERNADOR SERIE H (Translation: PROVINCE OF TUCUMAN "DEBT CANCELLATION BONDS" LAW N° 5728 EXPIRY DATE: 30 NOVEMBER 1991 BEARER FIVE HUNDRED AUSTRALES CRADLE OF INDEPENDENCE MINISTER OF ECONOMY GOVERNOR SERIES H) |
| Reverse description | The entire reverse is occupied by the printed text of the authorising legislation and executive decree, set in small typeface across multiple columns. A heading in bold identifies the issuing authority and law, followed by five numbered articles establishing the terms of issue, redemption, and cancellation of the bonds. The large numeral "500" is overprinted vertically in blue at the right margin as a denomination indicator. |
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| Comments |
Tucumán's 1989 austral emergency notes were issued under the *Bono de Cancelación de Deudas* program — a provincial quasi-currency scheme forced on several Argentine provinces when hyperinflation made the national austral effectively unmanageable for local government payrolls and suppliers. Tucumán was among the most aggressive issuers, circulating these bonds as de facto cash when the federal treasury couldn't keep pace with demand.
The broader collapse that year saw national inflation exceed 3,000 percent, which is why provincial paper from this period often shows heavy handling damage — these notes moved fast and were discarded once federal stabilization resumed.