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50 Pesos
| Issuer | Provincia de Córdoba |
|---|---|
| Year | 2001 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Peso (1992-date) |
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| Obverse description | Violet and purple note with the large numeral '50' at upper left and right. The central text block reads 'LETRAS DE CANCELACION DE OBLIGACIONES PROVINCIALES DE CORDOBA (LECOP CORDOBA)' and 'AL PORTADOR', above the denomination spelled out as 'CINCUENTA PESOS VALOR NOMINAL'. A vignette of a colonnaded building (Cabildo Histórico de Córdoba) occupies the right half of the note. Two signature lines are present at left, attributed to the Ministro de Finanzas and Secretario de Administración Financiera, alongside the provincial coat of arms at lower left and a maturity date of 31 de Octubre de 2001. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Reverse printed predominantly in violet on pale paper, with the large numeral '50' at upper right. The upper portion carries the heading 'LECOP CORDOBA' and the decree reference '(Decreto N° 2860/01)'. Below, four numbered articles of legal text in Spanish set out the statutory basis for the instrument's issuance, its denomination as Letras de Cancelación de Obligaciones Provinciales, and the terms of amortisation and interest. The provincial coat of arms appears at lower right. |
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| Comments |
Argentina's provincial quasi-currencies of the early 2000s emerged from a straightforward fiscal trap: provinces could not devalue the peso themselves under convertibility, but they could print their own bonds and pay workers and suppliers in scrip. Córdoba's series, locally called "lecops" or more precisely tied to the broader patacón phenomenon depending on the province, functioned as parallel legal tender accepted for provincial taxes — which gave them real purchasing power even as the federal system buckled toward the December 2001 collapse.
The PS# reference being unassigned suggests this particular denomination remains poorly documented in the standard Pick supplement catalog for provincial Argentine emissions.