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| 正面描述 | The obverse is printed in green and black on white paper, with the heading PROVINCIA DE CORDOBA and the series designation SERIE A at top. The main text reads CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DE CORDOBA, with a reference to Ley 8472 (modified by Ley 8482), and the bearer clause AL PORTADOR. The denomination 50 CINCUENTA PESOS is printed in large numerals at centre, with emission date 01-08-1995, amortization schedule, and two signature lines at lower left for the Ministro de Hacienda, Vivienda, Obras y Servicios Públicos and the Gobernador; a detachable coupon panel at right bears three CECOR coupons numbered 1 through 3 with respective maturity dates. |
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| 正面铭文 | PROVINCIA DE CORDOBA SERIE A 0093928 CERTIFICADOS DE CANCELACION DE OBLIGACIONES DE LA PROVINCIA DE CORDOBA LEY 8472 (MOD. POR LEY 8482) AL PORTADOR 50 CINCUENTA PESOS FECHA DE EMISION: 01 - 08 - 1995 AMORTIZACION DE CAPITAL Y 4ta. CUOTA DE INTERESES VENCIMIENTO: 01 - 08 - 1997 MINISTRO DE HACIENDA, VIVIENDA, OBRAS Y SERVICIOS PUBLICOS GOBERNADOR CECOR 50 CINCUENTA PESOS VENCIMIENTO: 01 - 11 - 1996 VENCIMIENTO: 01 - 02 - 1997 VENCIMIENTO: 01 - 05 - 1997 |
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Argentina's provincial quasi-currencies occupy a genuinely odd corner of monetary history, but Córdoba's paper emissions of the mid-1990s belong to a specific crisis logic: the Convertibility Law of 1991 pegged the peso to the dollar at parity and stripped the central government of money-printing flexibility, which pushed fiscal pressure downward onto provinces. Córdoba, chronically underfunded by federal transfers, issued provincial bonds and notes to pay salaries and suppliers when cash ran short.
The PS prefix in the Pick system signals this is catalogued as a necessity issue rather than a standard banking note — a distinction that mattered legally as well as numismatically. By the late 1990s these instruments were circulating as de facto currency in local transactions, whether or not anyone called them that.