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2 Pesos
| Issuer | Provincia de Córdoba |
|---|---|
| Year | 2001 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | The reverse, printed in the same red-pink tone, bears the heading LECOP CORDOBA / Decreto N° 2001/01 at top centre, followed by several articles of the governing decree set in small letterpress text defining the legal nature, redemption terms, interest rate, and payment schedule of the instruments. A large numeral 2 appears at the far right in a guilloche panel, and the provincial coat of arms is printed at lower right. |
| Reverse lettering | LECOP CORDOBA Decreto N° 2001/01 Artículo 1°: CREANSE las letras de cancelación de obligaciones provinciales como instrumentos de pago legalmente previstos para la extinción de las obligaciones de cualquier naturaleza del sector público provincial. Artículo 2°: LOS instrumentos de pago creados por el artículo anterior se denominarán LETRAS DE CANCELACION DE OBLIGACIONES PROVINCIALES DE CORDOBA (LECOP CORDOBA). Artículo 7°: LOS pagos efectuados a los acreedores mediante la entrega de las LECOP CORDOBA importará la extinción irrevocable de los créditos por cuya causa se formaliza la entrega. Artículo 9°: LAS LECOP CORDOBA se emiten a ... a treinta y seis (36) meses de plazo y devengarán un interés anual del tres por ciento (3%). El total del capital se amortizará al vencimiento del plazo señalado. El pago de los intereses se efectuará en cuatro (4) cuotas trimestrales, con vencimiento - la primera de ellas - a los veintisiete (27) meses de la fecha de emisión. |
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| Comments |
Argentina's provinces began issuing their own quasi-currencies in 2001 as the federal government's convertibility regime collapsed and liquidity dried up at the provincial level. Córdoba's emission was part of this wave — these notes, generically called "lecops" or provincial bonds depending on the issuing jurisdiction, were used to pay government salaries and accepted by provincial tax offices, effectively functioning as parallel currency without ever being legal tender in the national sense.
The PS# reference being unassigned reflects how poorly documented many of these emergency emissions remain. Survivor populations vary wildly; some provincial issues were redeemed aggressively after 2003, others simply wore out in local circulation.