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1/2 Real Boliviano

Issuer Banco de San Juan - Sucursal (Branch) Tucumán
Year 1875
Type Local banknote
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Obverse lettering SUCURSAL DEL BANCO DE SAN JUAN
VALE POR MEDIO REAL
MEDIO REAL
Reverse description No second image provided; reverse description not available.
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Comments

The Banco de San Juan was a provincial bank operating under Argentina's pre-1890 fragmented banking regime, in which individual provinces could charter note-issuing institutions with minimal federal oversight. The Tucumán branch designation on this note is significant — San Juan and Tucumán are geographically remote from one another, and branch issuance of this kind reflects the chaotic improvisation that characterized Argentine provincial finance before the Banco Nacional took firmer hold.

The 1/2 Real Boliviano denomination is itself telling. Bolivia's silver real remained a unit of account in northern Argentine commerce well into the 1870s, particularly along trade routes connecting the Andean northwest to Tucumán's sugar economy.

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