5 Pesos ARG Banknote (Various Bank Issues) 2006

5 Pesos Peso (Issued 2006)

Argentina’s severe economic crisis of the early 2000s, which culminated in the dramatic default of 2001 under President Fernando de la Rúa and the subsequent political turmoil that saw five presidents in a single fortnight, gave rise to a remarkable proliferation of provincial quasi-currencies. The Provincia de Buenos Aires, one of Argentina’s most populous and economically significant provinces, issued its own treasury bonds known as Patacones under Ley Nº 12,774, specifically designed to cancel provincial obligations and circulate as a parallel means of payment. By the time this particular note was printed in 2006, these instruments were still in formal use, serving as a testament to the fiscal pressures that continued to shape Argentine monetary policy under President Néstor Kirchner’s administration.

On the front, the note is dominated by an engraved portrait of Dardo Rocha, the founder of the city of La Plata and a prominent nineteenth-century Argentine politician and lawyer, rendered in fine intaglio-style engraving to the right-centre of the composition. Rocha is depicted in a formal frock coat with a full beard and moustache, his gaze directed slightly to the viewer’s left, the portrait set against a pale cream and light olive-green background with delicate guilloché rosette patterning. The heading across the top of the note reads “PROVINCIA DE BUENOS AIRES” in bold serif capitals, immediately establishing the issuing authority. Below this, a rectangular text panel states “LETRA DE TESORERIA PARA CANCELACION DE OBLIGACIONES (PATACON)” in clear black type, confirming the instrument’s legal character as a treasury letter for the cancellation of obligations. The serial number B 23891382 appears twice — once to the upper left in green and once to the upper right in red — providing a dual-print security reference. The text “AL PORTADOR” and the legislative citation “LEY Nº 12,774” are printed in the centre-left field, while the denomination is expressed in two ways: a large numeral “5” appears in the upper left corner in olive green, and the words “CINCO PESOS” are printed prominently in bold at the lower centre, with “VALOR NOMINAL” beneath in smaller type. To the lower left, the Argentine national coat of arms is printed in burgundy red, depicting the oval laurel wreath device traditional to provincial Argentine documentation. Two facsimile signatures appear below the portrait with printed titles identifying them as Víctor E. Pereira, Contador General de la Provincia de Buenos Aires, and Aníbal Zubizarreta, Secretario General de la Provincia de Buenos Aires. A red and green rectangular colour-shift or tonal security block is positioned in the upper right corner, and a small multicoloured rosette security device appears near the lower right edge. The overall colour palette combines pale olive green, cream, and burgundy red tones, with the word “PESOS” printed vertically in pale olive along the left margin.

The reverse of the note is printed primarily in olive green and cream tones and contains substantial legal and legislative text rather than a pictorial scene, reflecting the instrument’s nature as a formal treasury obligation rather than a conventional banknote. The heading “LEY Nº 12,774” is prominently displayed at the top centre in bold type. Below, three formal articles of the provincial law are set out in full: Artículo 14º authorises the emission of Letras de Tesorería para Cancelación de Obligaciones denominated “Patacón B,” specifying a maximum maturity period of five years from the date of issue and a redemption value equivalent to 135 per cent of face value under Articles 742, 744, and 745 of the Commercial Code. Artículo 10º outlines the provisions applicable to Patacón B holders and their ability to apply the notes to the payment of provincial obligations. Artículo 1º authorises the Tesorería General de la Provincia to order the emission of Letras de Tesorería for a value of up to 300 million pesos, noting a maturity date of 13 November 2006. To the left of the text, a decorative engraved column with an ornate capital is printed in pale olive green, adding a classical architectural flourish to the layout. A guilloché border runs around the entire perimeter of the note in a fine interlocking wave pattern. The numeral “5” and the word “PESOS” appear in the upper right corner, consistent with the front denomination marking, and a sunburst rosette security device in olive and cream tones appears in the lower right corner. The paper itself shows a fine laid texture and faint show-through from the front printing, with no separate watermark portrait panel visible, consistent with the note’s status as a printed fiscal instrument rather than a polymer or traditionally watermarked banknote.

Sell foreign coins and banknotes the simple way: this 5 Pesos Patacón banknote can be exchanged through Webuyallcurrency.com together with other current Argentine Pesos banknotes, all settled in a single transaction.

• Indicate the quantity of 5 Pesos Peso banknotes you want to exchange
• Click the ‘Add to your account’ button
• Your online account now shows the exchange value

Webuyallcurrency.com is a simple way to exchange or sell foreign coins and banknotes for cash — current or withdrawn — turning your Argentine Pesos banknotes and any other leftover currency into one straightforward payout.