Axel Kicillof, Governor of the province of Buenos Aires, and Carlos Bianco, its Minister of Government, have declared that if the new Federal Government does not send them their portion of Federal taxes the province will issue its own banknotes. They are in the opposite political side from the recently elected President Javier Milei.
The province of Buenos Aires has a special status because it joined the then named Confederación Argentina in 1859 by the Treaty of San José de Flores. A special clause in the treaty establishes that the Banco de la Provincia de Buenos Aires has special privileges.
In the 1890’s and later in the 1980’s and later several provinces issued their own banknotes under the names of “bonos”, “patacones”, “letras de tesorería”, etc.
Sources: Ambito Financiero; “Bonos de emergencia de Argentina” by Eduardo Colantonio, Buenos Aires 2010.
Courtesy: Mario H. Pomato.
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