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| 背面描述 | The reverse is printed primarily in black on white stock and carries the full legal text of the enabling legislation in multiple articles. A small numeral '1' vignette appears at upper right and lower right within a fine guilloche border, and the title heading is set in bold letterpress at the top centre. |
| 背面铭文 | LECOP CORDOBA (Decreto N° 2600/01) Artículo 1°: CRÉANSE las letras de cancelación de obligaciones provinciales como instrumentos de pago legalmente previstos para la extinción de las obligaciones de cualquier naturaleza del sector público provincial. Artículo 2°: LOS instrumentos de pago creados por el artículo anterior se denominarán LETRAS DE CANCELACION DE OBLIGACIONES PROVINCIALES DE CORDOBA (LECOP CORDOBA). Artículo 7°: LOS pagos efectuados a los acreedores mediante la entrega de las LECOP CORDOBA importará la extinción irrevocable de los créditos por cuya causa se formalizó la entrega. Artículo 8°: LAS LECOP CORDOBA se emitirán (...) a treinta y seis (36) meses de plazo y devengarán un interés anual del siete por ciento (7%). El total del capital se amortizará al vencimiento del plazo señalado. El pago de los intereses se efectuará en cuatro (4) cuotas trimestrales, con vencimiento - la primera de ellas - a los veintitrés (23) meses de la fecha de emisión. (Translation: LECOP CORDOBA (Decree No. 2600/01) Article 1: The letters of cancellation of provincial obligations are hereby created as legally provided payment instruments for the extinction of obligations of any nature of the provincial public sector. Article 2: The payment instruments created by the preceding article shall be denominated LETTERS OF CANCELLATION OF PROVINCIAL OBLIGATIONS OF CORDOBA (LECOP CORDOBA). Article 7: Payments made to creditors through the delivery of LECOP CORDOBA shall constitute irrevocable extinction of the credits for which such delivery was formalized. Article 8: THE LECOP CORDOBA shall be issued (...) for a term of thirty-six (36) months and shall accrue annual interest of seven percent (7%). The total capital shall be amortized at the expiry of the stated term. Interest payments shall be made in four (4) quarterly installments, with the first falling due twenty-three (23) months from the date of issue.) |
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Argentina's 2001–2002 financial collapse forced several provinces to issue their own quasi-currencies when federal peso liquidity dried up. Córdoba's series, known locally as "lecops" or simply "los papelitos," functioned as wage-payment instruments for provincial employees and were accepted under legal pressure by local businesses — not by genuine market confidence.
Printing in Santiago rather than Buenos Aires was a purely logistical decision: Casa de Moneda de Argentina was overwhelmed by the national emergency, and Chilean production capacity was tapped across multiple provincial contracts during the same period. The S-prefix in the Pick reference reflects the note's quasi-governmental, non-central-bank status.