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100 Pesos
| Issuer | Provincia de Corrientes |
|---|---|
| Year | 2000 |
| Type | Local banknote |
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| Obverse description | The obverse bears the large denomination numeral '100' and the inscription 'CIEN PESOS' in red at upper left, with the full title 'CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DE CORRIENTES — CECACOR' in bold across the centre field. To the right, the provincial coat of arms of Corrientes is rendered within a detailed border, framed by a guilloche underprint, while the emission date of 01/08/2000, amortisation date of 31/01/2002, series designation 'SERIE B', and serial number are distributed across the upper and lower registers. Two signature lines at the bottom correspond to the 'MINISTRO DE HACIENDA Y FINANZAS' and the 'INTERVENTOR FEDERAL DE LA PROVINCIA DE CORRIENTES'. |
|---|---|
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| Reverse lettering | CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DE CORRIENTES (CECACOR) DECRETO - LEY N° 1/99, 34/00 y DECRETO N° 1236/00 |
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| Comments |
Corrientes issued its own provincial currency during the early 2000s fiscal crisis, when Argentina's federal government had effectively lost control of monetary policy and eighteen provinces resorted to quasi-monedas to meet payroll and public expenditures. These notes, sometimes called "lecops" or simply provincial bonds depending on the issuer, were accepted locally as legal tender by provincial decree but were never recognized by the Banco Central de la República Argentina as official currency.
The Casa de Moneda printing is notable — most provinces contracted the national mint for their emergency issues, lending a veneer of official legitimacy to what were essentially scrip instruments. Corrientes' fiscal position at the time was among the most precarious of any Argentine province, and the notes circulated well past their intended redemption windows.