Catalog
See full images - free registration
Continue with Google - no registration!
or register with email
Why register? Just to keep bots out of our catalog. Your email stays private - we will never share it or send you anything uninvited. We guarantee you that!
5 Pesos
| Issuer | Provincia de Córdoba |
|---|---|
| Year | 1995 |
| Type | Log in to see details |
| Value | 5 Pesos |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is printed in light green on plain paper and divided into three sections by vertical lines, corresponding to the detachable coupon stubs. The right portion carries a detailed legal text in Spanish citing Artículos 48, 50, 52, 53, and 17 of Ley 8472 (modified by Ley 8482), outlining the terms of issuance, amortisation, interest, and early redemption of the CECOR certificates. The left and central panels display a repetitive guilloche-style background pattern without additional inscriptions. |
| Reverse lettering | LEY Nº 8472 (modificado por Ley Nº 8482) ARTÍCULO 48: Autorízase al Poder Ejecutivo a emitir certificados de cancelación de obligaciones hasta la suma total de ochocientos millones de pesos ($ 800.000.000). Los certificados se denominarán "Certificados de Cancelación de Obligaciones de la Provincia de Córdoba" en sistema CECOR. ARTÍCULO 50: Los CECOR se emitirán en una o más series, a veinticuatro (24) meses de plazo y devengarán un interés anual del doce por ciento (12%). ARTÍCULO 52: El pago efectuado al acreedor mediante los CECOR importará la extinción irrevocable de los créditos por los que se efectuó su entrega. ARTÍCULO 53: El Poder Ejecutivo podrá rescatar anticipadamente la totalidad o parte de los CECOR que se encuentren en circulación. ARTÍCULO 17 (Ley 8482): Los CECOR deberán ser aceptados por sus tenedores para la cancelación de obligaciones, cualquiera fuere su naturaleza, con el Estado Provincial, Entidades Autárquicas, Empresas, Sociedades y Bancos del Estado Provincial. |
| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | Log in to see details |
| Variants | Log in to see details |
| Comments |
Argentina's provinces regained the right to issue quasi-money during the economic crises of the late 1980s and 1990s, when federal transfers dried up and provincial governments could no longer meet payroll. Córdoba's emission was part of that broader wave of provincial cuasi-monedas — parallel currencies that circulated alongside the peso under convertibility, technically denominated as bonds or "letras de tesorería" to avoid constitutional conflicts with federal monetary authority.
These notes were accepted by provincial tax offices and state employers, which gave them enough forced circulation to function, though commercial acceptance was uneven and discounted rates in private exchange were common.