BONO PLAN DE REACTIVACION YPF $1000 WITH PASSCO Certificate of Authentication
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Product Details:
BONO PLAN DE REACTIVACION YPF $1000
PASSCO CERTIFICATE OF AUTHENTICITY
Yacimientos Petrolíferos Fiscales (YPF), $1,000 Pesos, 6%, 1957
🇦🇷1957 YPF Plan de Reactivación $1,000 Bond
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Issuer: Yacimientos Petrolíferos Fiscales (YPF), Argentina’s state oil company
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Issued: 1957 as part of the “Plan de Reactivación” aiming to boost national petroleum development
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Denomination: ARS 1,000 Pesos
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Interest Rate: 6% annual
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Type: Bearer bond (al portador), with detachable coupons for interest payments
Key Details
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Historical Context:
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In 1955, Juan Perón was ousted by a military coup, leading to a period of political instability and economic restructuring8. The 1957 bond likely emerged during this post-Peronist era, as the new government sought to stabilize the economy and revitalize state-owned enterprises like YPF (Yacimientos Petrolíferos Fiscales), Argentina's national oil company.
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Perón's earlier policies (1946–1955) had emphasized industrialization and state intervention, including YPF's expansion8. Post-1955 governments may have issued such bonds to fund reactivation plans amid economic challenges.
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Purpose of the Bond:
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The "Plan de Reactivación" (Reactivation Plan) suggests efforts to boost YPF's operations, possibly addressing infrastructure, debt, or energy sector modernization. Bonds were a common tool for raising capital during Argentina's mid-20th-century industrialization drives.
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- American Numismatic Association
- PMG
