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Meaning of lecop




furoya

lecop
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LECOP is the acronym for the bond "LEtras de Cancelación de Obligations Provinciales", created in Argentina during the financial crisis of the early twentieth century to pay debts to the provinces in the face of lack of cash; but then it was used as a quasi-coin and circulated along with the convertible weight, with its same face value.

  




Danilo Enrique Noreña Benítez

In Argentina it means "Letters of Cancellation of Provincial Obligations" . It is a type of bonds that were issued there in 2001, during the government of De la Rúa. They were used to pay salaries and also taxes.

  



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