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20 Pesos
| Issuer | Provincia de Córdoba |
|---|---|
| Year | 1996 |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | PROVINCIA DE CÓRDOBA SERIE B CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DE CÓRDOBA LEY 8472 (MOD. POR LEY 8482) AL PORTADOR 20 VEINTE PESOS FECHA DE EMISION: 01-01-1996 AMORTIZACION DE CAPITAL Y 4ta. CUOTA DE INTERESES VENCIMIENTO: 01-01-1998 MINISTRO DE HACIENDA, VIVIENDA, OBRAS Y SERVICIOS PÚBLICOS GOBERNADOR CECOR 20 VEINTE PESOS VENCIMIENTO: 01-04-1997 CECOR 20 VEINTE PESOS VENCIMIENTO: 01-07-1997 CECOR 20 VEINTE PESOS VENCIMIENTO: 01-10-1997 |
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| Reverse lettering | CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DE CÓRDOBA LEY 8472 (MOD. POR LEY 8482) ARTÍCULO 4° ARTÍCULO 5° ARTÍCULO 12° ARTÍCULO 13° ARTÍCULO 17° (LEY 8482) SALA DE MONEDA |
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| Comments |
Córdoba province issued its own quasi-currency during the deep fiscal crises that repeatedly strained Argentina's federal transfer system in the 1990s. These provincial bonds — circulating as de facto banknotes — were a direct consequence of Buenos Aires cutting or delaying co-participation funds to the provinces, forcing Córdoba to pay wages and suppliers in paper it printed itself.
The PS prefix in the Pick catalogue places this squarely in the state and provincial issues volume. Worth noting: Argentine provincial scrip from this period varied enormously in redemption reliability, and Córdoba's 1990s emissions had a better track record than several neighboring provinces whose equivalent paper became essentially worthless before formal withdrawal.