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A first issue appeared for those who, besides collecting
banknotes and adding to them bonds issued by several Argentina
provinces, will now have the opportunity of obtaining the first
municipal bond (of which we have information) which can be a basis
for others that my imitate them.
We are talking about the CEMARs, launched on August 10, 1995
by the municipality of Miramar, Cordoba Province, located on the
shores of the Mar Chiquita which some years ago was submerged in
great part by the flood of the Mar (Sea).
The circulating bonds were released during the management of
the present superintendent Jose4 A. Richard with all of the security
measures to avoid their falsification. They have values of 1,
5, 10 and 50 pesos for a total of 25,000 with a parity of 1:1, and
beginning with the first of December they will bear annual interest
of 12%.
Their creation and subsequent implementation that permits an
easing of a distressing situation that this municipality is
experiencing is local for local use, and it was carried out by means
of Order No. 356/95 set forth in Decree No. 039/95, dealing with a
Certificate of Cancellation of Debts with its employees, and then in
a deal with the local businessmen the consensus for their
circulation in the locality was obtained.
It should be noted that many collectors who know of this new
innovation have demonstrated their interest in obtaining them,
keeping inmind the low number in quantity of the bonds
printed.
Source: Centro Filatelico y Numismatico de San
Francisco, Argentina
Courtesy: Carlos A.
Graziadio |
