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| Issuer | Provincia de Córdoba |
|---|---|
| Year | 1996 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Peso convertible (1992-2002) |
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| Obverse description | The obverse of this certificado de cancelación de obligaciones (CECOR) is printed in red on white paper with a fine guilloche underprint border. The upper portion carries the inscription PROVINCIA DE CORDOBA with SERIE B and a serial number at top right; the central text reads CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DE CORDOBA, followed by the legal reference LEY 8472 (MOD. POR LEY 8482) and AL PORTADOR. The large numeral 10 and the legend DIEZ PESOS appear centrally, with emission and maturity dates and coupon details at lower right; two manuscript signatures of the Ministro de Hacienda, Vivienda, Obras y Servicios Públicos and the Gobernador appear at lower left. Three detachable interest coupons marked CECOR are attached at right, each bearing the denomination 10 DIEZ PESOS, the series, serial number, and individual vencimiento (maturity) dates. |
|---|---|
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| Reverse description | The reverse is printed in red and pink on white paper and is largely text-based, presenting the full legal framework of the issue. The heading CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DE CORDOBA and the citation LEY 8472 (MOD. POR LEY 8482) appear at upper right, followed by multiple numbered articles (Artículos) setting out authorization, amortization terms, interest rates, redemption procedures, and permitted uses of the CECOR instruments. The left portion carries three blank coupon stubs with a small vignette of an ear of wheat or similar agricultural motif, corresponding to the detachable coupons on the obverse. |
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| Comments |
Argentina's provinces regained the right to issue quasi-money during the fiscal crises of the 1980s and 1990s, when federal transfers dried up and provincial governments could no longer meet payroll. Córdoba's emission under this series was part of that broader collapse of monetary discipline at the subnational level — these notes circulated alongside federal pesos, accepted under duress by merchants and public employees who had little choice.
Provincial paper from this period is frequently found in poor condition; it circulated hard in a cash-starved economy. The PS prefix in the Pick system denotes provincial and state issues, a separate cataloguing stream from the main Argentine sequence.