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| 正面描述 | The obverse of this certificado de cancelación de obligaciones is laid out in a bond-style format with a central large numeral '50' and the text 'CINCUENTA PESOS' beneath. The main body carries the full title 'CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DE CORDOBA' above a reference to Ley 8472, with 'AL PORTADOR' designating bearer status. To the right, three detachable CECOR coupon stubs are printed, each indicating the denomination, series B, and successive vencimiento (maturity) dates of 01-04-1997, 01-07-1997, and 01-10-1997; two signature panels appear at lower left for the Ministro de Hacienda, Vivienda, Obras y Servicios Públicos and the Gobernador, with the emission date and amortization details noted at lower right. |
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| 背面描述 | The reverse is printed in a single color on plain paper and carries the full legal text of the Certificados de Cancelación de Obligaciones de la Provincia de Córdoba under Ley 8472 (mod. por Ley 8482), set out in numbered articles governing issuance authority, amortization at twelve percent annual interest, payment obligations, redemption procedures, and authorized uses by provincial and national entities. A faint watermark-style shield vignette of the Córdoba provincial coat of arms is visible at left center as an underprint security element. The layout is purely typographic with no pictorial vignettes, framed by a simple ruled border. |
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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.