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1 Peso
| Issuer | Banco de Buenos Ayres |
|---|---|
| Year | 1826 |
| Type | Local banknote |
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| Obverse description | Typeset note printed in brown ink on plain paper, with the denomination panel "UN PESO" in a dark rectangular cartouche at upper left. A small coat of arms vignette with laurel branches is centred at the top, flanked by the cursive issuer title "El Banco de Buenos Ayres" in elaborate calligraphic script. The body carries a promise-to-pay text in Spanish in mixed letterpress and script lettering, with the authority panel "POR LOS DIRECTORES Y ACCIONISTAS" in a ruled box at lower centre, followed by a manuscript signature. |
|---|---|
| Obverse lettering | UN PESO El Banco de Buenos Ayres Promete pagar al portador y á la vista DIEZ Y SIETE PESOS ó una onza de Oro sellado, por diez y siete de estos Billetes POR LOS DIRECTORES Y ACCIONISTAS |
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| Comments |
The Banco de Buenos Ayres was established in 1822 as the first bank in the Río de la Plata region, and its early notes were among the first fiduciary paper money issued in what would become Argentina. By 1826 the institution was under severe strain — the costs of the Cisplatine War against Brazil had drained the treasury, and the bank was forced to suspend specie payments that same year, a suspension that would last decades and permanently erode public confidence in its paper.
Printed locally rather than in Europe, which was unusual for the period and reflects both the urgency of production and the geographic isolation of Buenos Aires from established security printers.