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10 Pesos
| Issuer | Provincia de Corrientes |
|---|---|
| Year | 2001 |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | PROVINCIA DE CORRIENTES CERTIFICADOS DE CANCELACIÓN DE OBLIGACIONES DE LA PROVINCIA DE CORRIENTES CECACOR DECRETO - LEY N° 1/99 AL PORTADOR FECHA DE EMISION: 15/07/2001 AMORTIZACION DE CAPITAL E INTERESES VENCIMIENTO: 15/08/2002 SERIE C SEGUNDA EMISION DIEZ PESOS MINISTRO DE HACIENDA Y FINANZAS INTERVENTOR FEDERAL DE LA PROVINCIA DE CORRIENTES (Translation: PROVINCE OF CORRIENTES / CERTIFICATES OF CANCELLATION OF OBLIGATIONS OF THE PROVINCE OF CORRIENTES / CECACOR / DECREE - LAW No. 1/99 / TO THE BEARER / EMISSION DATE: 15/07/2001 / AMORTIZATION OF CAPITAL AND INTEREST MATURITY: 15/08/2002 / SERIES C SECOND ISSUE / TEN PESOS / MINISTER OF FINANCE / FEDERAL INTERVENTOR OF THE PROVINCE OF CORRIENTES) |
| Reverse description | The reverse is devoted entirely to the printed legal text of the authorizing legislation, set in small typeface across the full face of the note. Articles 28 through 34 of Decree-Law No. 1/99, 34/00, 114/01, and 134/01, together with Decree No. 776/01, are reproduced verbatim, establishing the legal framework for the CECACOR certificates. A subtle floral guilloche underprint runs behind the text block. |
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| Comments |
Corrientes issued its own quasi-currency during the Argentine fiscal crisis, a provincial bond-note program that predated the national corralito by months. The province had been running its own parallel monetary instruments — locally called "lecops" or simply bonos — to pay public sector wages and suppliers when transfers from Buenos Aires dried up. These circulated at par with the peso in local commerce, accepted under varying degrees of coercion by provincial merchants.
Casa de Moneda printed these under contract, which gave them a surface legitimacy the cruder provincial emissions of other jurisdictions lacked. Whether that helped acceptance is another matter.