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100 Pesos
| Issuer | Provincia de Corrientes |
|---|---|
| Year | 2001 |
| Type | Local banknote |
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| Composition | Log in to see details |
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| Obverse description | The provincial coat of arms of Corrientes, rendered in fine line engraving, occupies the right portion of the note, surmounted by the Argentine May Sun and flanked by laurel branches. A yellow guilloche underprint in the form of a stylised map of the province of Corrientes fills the central field, over which the full title of the instrument and the CECACOR acronym are printed in bold letterpress. The denomination "100 / CIEN PESOS" appears in large numerals and letters at left and lower right in mauve ink, with two manuscript signatures below the bearer clause and an oval purple control stamp at lower left. |
|---|---|
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| Reverse description | The reverse is entirely covered by the printed text of the authorising legislation, set in bold and roman typefaces against a light guilloche underprint. A decorative floral vignette with stylised thistle-like blossoms occupies the right margin. The upper portion carries the full title and decree references in bold capitals, followed by the articles of the law governing issuance, interest, redemption, and acceptance conditions of the CECACOR certificates. |
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| Comments |
Corrientes issued its own quasi-currency in 2001 as the province descended into a fiscal crisis it could no longer paper over through federal transfers. These provincial bonds — technically interest-bearing instruments but functioning as circulating currency — were one of several such emissions across Argentina's provinces in the months before the national corralito froze bank accounts in December. Corrientes had in fact been under federal intervention since 1999 after defaulting on its payroll obligations, making this emission a product of sustained provincial insolvency rather than a sudden shock.
Casa de Moneda printed the series, giving these bonds a physical credibility that outlasted the economic conditions that made them necessary.