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50 Pesos
| Issuer | Provincia de Córdoba |
|---|---|
| Year | 1996 |
| 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 |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DE CORDOBA LEY 8472 (MOD. POR LEY 8482) Artículo 4o: Autorízase al Poder Ejecutivo a emitir certificados de cancelación de obligaciones... Artículo 5o: Los CECOR se emitirán, en uno o más tramos de hasta ciento veinte (120) días plazo... Artículo 6o: El pago efectuado al acreedor mediante los CECOR importará la extinción irrevocable de los créditos... Artículo 7o: El Poder Ejecutivo podrá rescatar anticipadamente la totalidad o parte de los CECOR... Artículo 17 (Ley 8482): Los CECOR podrán ser utilizados por sus tenedores para la cancelación de obligaciones... |
| Signature(s) | Log in to see details |
| Protection type | Watermark |
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| Comments |
Provincial currency in Argentina is rarely straightforward, and Córdoba's 1990s issues are no exception. Following the federal government's Convertibility Plan of 1991, provinces were technically prohibited from issuing their own currency — so Córdoba, like several others, issued interest-bearing bonds that functioned as de facto banknotes in local commerce. These were the "Letras de Tesorería" series, popularly called "lecops" or by province-specific nicknames, circulating alongside federal pesos when provincial payrolls outran available cash.
The PS prefix in the Pick catalogue places this firmly in the quasi-money category rather than conventional provincial banking issues.