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50 Pesos
| Issuer | Provincia de Córdoba |
|---|---|
| Year | 1995 |
| Type | Log in to see details |
| Value | 50 Pesos |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | The obverse is printed in green and black on white paper, with the heading PROVINCIA DE CORDOBA and the series designation SERIE A at top. The main text reads CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DE CORDOBA, with a reference to Ley 8472 (modified by Ley 8482), and the bearer clause AL PORTADOR. The denomination 50 CINCUENTA PESOS is printed in large numerals at centre, with emission date 01-08-1995, amortization schedule, and two signature lines at lower left for the Ministro de Hacienda, Vivienda, Obras y Servicios Públicos and the Gobernador; a detachable coupon panel at right bears three CECOR coupons numbered 1 through 3 with respective maturity dates. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is printed in pink and black on white paper and carries the full legal text of the instrument across three columns, reproducing the authorising articles of Ley 8472 (modified by Ley 8482) that govern the issuance of the Certificados de Cancelación de Obligaciones de la Provincia de Córdoba (CECOR). A decorative guilloche underprint in light rose tones fills the background of each panel, and the heading CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DE CORDOBA is repeated at top centre above the legislative excerpts. |
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| Comments |
Argentina's provincial quasi-currencies occupy a genuinely odd corner of monetary history, but Córdoba's paper emissions of the mid-1990s belong to a specific crisis logic: the Convertibility Law of 1991 pegged the peso to the dollar at parity and stripped the central government of money-printing flexibility, which pushed fiscal pressure downward onto provinces. Córdoba, chronically underfunded by federal transfers, issued provincial bonds and notes to pay salaries and suppliers when cash ran short.
The PS prefix in the Pick system signals this is catalogued as a necessity issue rather than a standard banking note — a distinction that mattered legally as well as numismatically. By the late 1990s these instruments were circulating as de facto currency in local transactions, whether or not anyone called them that.