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20 Pesos

Issuer Provincia de Corrientes
Year 2000
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Reference(s) P#S2394#020
Obverse description The obverse is printed in red and pink tones on light paper, with the denomination '20 VEINTE PESOS' in large numerals at left and right. The central text panel bears the full title 'CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DE CORRIENTES – CECACOR', with issue date 01/08/2000 and maturity date 31/01/2002 noted below. At upper right, the Argentine national coat of arms appears as an intaglio vignette, flanked by a serial number and series designation 'SERIE B'; two signature lines for the Ministro de Hacienda y Finanzas and Interventor Federal de la Provincia de Corrientes appear at lower centre.
Obverse lettering PROVINCIA DE CORRIENTES
CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DE CORRIENTES
CECACOR
SERIE B
DECRETO - LEY Nº 1/99
AL PORTADOR
FECHA DE EMISION: 01/08/2000
AMORTIZACION DE CAPITAL E INTERESES
VENCIMIENTO: 31/01/2002
MINISTRO DE HACIENDA Y FINANZAS
INTERVENTOR FEDERAL DE LA PROVINCIA DE CORRIENTES
20 VEINTE PESOS
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Comments

Corrientes issued its own provincial currency — the Corriente — starting in 1991 as the national government's fiscal austerity program squeezed provincial budgets. These quasi-monies, legally framed as "bonds" to sidestep constitutional restrictions on provincial note issue, circulated as de facto currency in local commerce when peso liquidity dried up. Corrientes was among the most persistent issuers, continuing well past the point where most provinces had wound down their programs.

The 2000 series appeared during the final, politically turbulent years of the convertibility regime, roughly three years before it collapsed entirely. Federal intervention in Corrientes province — imposed in late 1999 over a fiscal crisis — adds an awkward dimension to notes still bearing provincial authority.

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