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5 Pesos

Issuer Provincia de Córdoba
Year 2001
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Value 5 Pesos
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Obverse description The obverse is printed in teal and blue tones on white paper. At upper left, the inscription PROVINCIA DE CÓRDOBA / REPÚBLICA ARGENTINA appears above two facsimile signatures — those of the Ministro de Finanzas and the Secretario de Administración Financiera — flanking a central text block reading LETRAS DE CANCELACIÓN DE OBLIGACIONES PROVINCIALES DE CÓRDOBA (LECOP CÓRDOBA) / AL PORTADOR / CINCO / PESOS VALOR NOMINAL, with the maturity date VENCIMIENTO 31 DE OCTUBRE DE 2004 at lower center. To the right, a detailed vignette of a classical arcaded building façade occupies the full height of the note, with the numeral 5 repeated in the upper-right corner and as a large digit at left; the serial number appears twice in the upper-right area and at lower left alongside a provincial coat of arms.
Obverse lettering PROVINCIA DE CÓRDOBA
REPÚBLICA ARGENTINA
LETRAS DE CANCELACIÓN DE OBLIGACIONES PROVINCIALES DE CÓRDOBA (LECOP CÓRDOBA)
AL PORTADOR
CINCO
PESOS VALOR NOMINAL
MINISTRO DE FINANZAS
SECRETARIO DE ADMINISTRACIÓN FINANCIERA
VENCIMIENTO 31 DE OCTUBRE DE 2004
5
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Comments

Argentina's provincial quasi-currencies — the so-called "patacones" and their regional equivalents — emerged from the 2001 fiscal crisis as individual provinces lost access to federal transfers and could no longer meet payroll in pesos. Córdoba's own instrument, locally called the "lecop" or in some issues the "lecor," was one of several province-level emergency notes that briefly ran parallel to the national currency before the peso's formal collapse in December 2001 and the subsequent corralito.

The PS# reference indicates this has not been formally catalogued in standard Pick, which is common for the wave of Argentine provincial emissions from this period — many were short-lived, inconsistently documented, and redeemed quickly once federal stabilization funds arrived after 2002.

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