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10 Pesos
| Issuer | Provincia de Corrientes |
|---|---|
| Year | 2001 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | PROVINCIA DE CORRIENTES CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DE CORRIENTES CECACOR DECRETO - LEY Nº 1/99 AL PORTADOR FECHA DE EMISION: 15/02/2001 AMORTIZACION DE CAPITAL E INTERESES VENCIMIENTO: 15/08/2002 MINISTRO DE HACIENDA Y FINANZAS INTERVENTOR FEDERAL DE LA PROVINCIA DE CORRIENTES SERIE C DIEZ PESOS 10 |
| Reverse description | The reverse is printed entirely in dark ink on plain paper, occupied by a lengthy legal text setting out the regulatory framework of the CECACOR instrument, structured as numbered articles (Art. 28° through Art. 34°) extracted from Decreto-Ley No. 1/99 and subsequent decrees 34/00, 106/00, and 114/01, governing the authorization, denomination, series limits, interest rate, repayment mechanism, early redemption, and accepted uses of the certificates. A faint floral or foliate watermark-style vignette appears at lower right as a background security element. |
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| Comments |
Corrientes province issued its own emergency quasi-currency — the "Cecacor" — in 2001 when the Argentine federal government's convertibility regime had choked the provinces of liquidity. These notes functioned as wage and supplier payments when the province simply had no access to pesos. Corrientes was among the most fiscally distressed provinces in the country at that point, having already been placed under federal intervention in 1999 following a budget crisis that shut down public services for months.
The Cecacor series circulated alongside similar instruments from other provinces — Patacones in Buenos Aires, Lecops federally — but Corrientes issued in comparatively small quantities, making survivors harder to locate than the better-documented Buenos Aires issues.