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10 Pesos
| Issuer | Provincia de Corrientes |
|---|---|
| Year | 2000-2001 |
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| Size | 155 x 65 mm |
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|---|---|
| Obverse lettering | PROVINCIA DE CORRIENTES CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DE CORRIENTES CECACOR DECRETO - LEY N° 1/99 AL PORTADOR SERIE A FECHA DE EMISION: 17/01/2000 AMORTIZACION DE CAPITAL E INTERESES VENCIMIENTO: 17/11/2000 MINISTRO DE HACIENDA Y FINANZAS INTERVENTOR FEDERAL DE LA PROVINCIA DE CORRIENTES DIEZ PESOS (Translation: PROVINCE OF CORRIENTES / CERTIFICATES OF CANCELLATION OF OBLIGATIONS OF THE PROVINCE OF CORRIENTES / CECACOR / DECREE - LAW No. 1/99 / TO THE BEARER / SERIES A / ISSUE DATE: 17/01/2000 / AMORTIZATION OF CAPITAL AND INTEREST MATURITY: 17/11/2000 / MINISTER OF FINANCE / FEDERAL INTERVENTOR OF THE PROVINCE OF CORRIENTES / TEN PESOS) |
| Reverse description | The reverse presents, against a light guilloche underprint with a floral orange-branch vignette at right, a full printed transcription of the authorizing Decreto-Ley No. 1, Articles 28 through 34, in Spanish. The text is arranged in justified columns across the full width of the note, with the issuing authority line "CORRIENTES, 29 DE DICIEMBRE DE 1999" at the foot. |
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| Comments |
Corrientes issued its own quasi-currency between 2000 and 2001 as the province hemorrhaged cash during Argentina's deepening fiscal crisis. These notes — technically "Letras de Cancelación de Deuda" — were emergency instruments used to pay provincial employees and suppliers when transfers from Buenos Aires dried up. Similar instruments appeared across more than a dozen Argentine provinces during the same period, collectively known as cuasimonedas, but Corrientes was among the earliest and most aggressive issuers.
Casa de Moneda printed them, which gave the series a legitimacy the market only half-believed. When the federal convertibility system collapsed in late 2001, most provincial cuasimonedas were eventually redeemed at par — Corrientes among them.