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2 Pesos
| Issuer | Provincia de Corrientes |
|---|---|
| Year | 2000-2001 |
| Type | Local banknote |
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| Obverse description | The provincial coat of arms of Corrientes is printed in intaglio at the right, with a map vignette of the province in underprint at centre-left. The denomination '2' appears in red at both left and right margins, with 'DOS PESOS' in large letterpress type at lower left. Two signature lines are present below the central text block, identifying the Ministro de Hacienda y Finanzas and the Interventor Federal de la Provincia de Corrientes, with emission and maturity dates printed in the lower centre field. |
|---|---|
| Obverse lettering | SERIE A PROVINCIA DE CORRIENTES Certificados de Cancelacion de Obligaciones de la Provincia de Corrientes CECACOR DECRETO - LEY N° 1/99 AL PORTADOR 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 DOS PESOS (Translation: SERIES A / PROVINCE OF CORRIENTES / Certificates of Cancellation of Obligations of the Province of Corrientes / CECACOR / DECREE - LAW No. 1/99 / TO THE BEARER / ISSUE DATE: 17/01/2000 / AMORTIZATION OF CAPITAL AND INTEREST MATURITY: 17/11/2000 / MINISTER OF FINANCE / FEDERAL INTERVENTOR OF THE PROVINCE OF CORRIENTES / TWO PESOS) |
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| Comments |
Corrientes issued its own provincial currency in 2000–2001 under emergency legislation, as the Argentine federal government's convertibility regime had locked the country into a rigid peso-dollar parity that strangled provincial finances. Unable to service payrolls and obligations in federal pesos, several provinces turned to quasi-monedas — parallel scrip backed by future tax revenues rather than by any banking reserve. Corrientes called its version the "Cecacor," and this note is part of that issue.
The federal government eventually forced the withdrawal of most provincial quasi-monedas following the December 2001 collapse and the end of convertibility. Corrientes had actually been placed under federal intervention before the full national crisis hit, which cut the Cecacor's circulation short.