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5000 Australes
| Issuer | Provincia de Tucumán |
|---|---|
| Year | 1990 |
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| Composition | Log in to see details |
| Size | 155 × 65 mm |
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|---|---|
| Obverse lettering | SERIE I PROVINCIA DE TUCUMAN "BONOS DE CANCELACION DE DEUDAS" LEY N° 5728 FECHA DE CADUCIDAD: 30 DE NOVIEMBRE DE 1991 AL PORTADOR A5.000 CINCO MIL AUSTRALES Cuna de la Independencia MINISTRO DE ECONOMIA GOBERNADOR (Translation: PROVINCE OF TUCUMAN "DEBT CANCELLATION BONDS" LAW N° 5728 EXPIRY DATE: 30 NOVEMBER 1991 TO THE BEARER 5,000 FIVE THOUSAND AUSTRALES CRADLE OF INDEPENDENCE MINISTER OF ECONOMY GOVERNOR) |
| Reverse description | The reverse is printed in green on white paper with a fine guilloche border. The entire face is occupied by the text of Ley 5728, as modified by Ley 5866, set out in five numbered articles governing the issuance, acceptance, and redemption of the debt-cancellation bonds, followed by Decreto N° 505/3 (SH). The denomination 5000 is printed in large green numerals along the right margin. |
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| Comments |
Tucumán's australes emergency notes were issued under provincial fiscal emergency laws as the national government lost control of the money supply during the hyperinflationary collapse of 1989–1990. Provinces across Argentina began issuing their own quasi-currency — known collectively as "cuasimonedas" — because the federal treasury could not meet payroll obligations. Tucumán was among the first to act.
The 5000 australes denomination reflects just how far the currency had deteriorated; the austral itself had replaced the peso argentino in 1985 and would be abandoned entirely in 1992 for the convertibility peso. These provincial notes circulated alongside federal issues by necessity, not legal design, and acceptance was often coerced rather than voluntary.