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5 Pesos
| Issuer | Provincia de Córdoba |
|---|---|
| Year | 1995 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Peso convertible (1992-2002) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | SERIE A PROVINCIA DE CÓRDOBA CERTIFICADO DE CANCELACIÓN DE OBLIGACIONES LEY 8472 (MODIFICADO POR LA LEY 8482) FECHA DE EMISIÓN 01-08-95 5 PESOS MINISTRO DE HACIENDA VIVIENDA OBRAS Y SERVICIOS PÚBLICOS GOBERNADOR CECOR CUOTA 1 VENCIMIENTO 01-11-96 CUOTA 2 VENCIMIENTO 01-02-97 CUOTA 3 VENCIMIENTO 01-05-97 |
| 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. |
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| 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.