1 Peso

El Banco Muñoz & Rodriguez & Cª was one of several provincial private banks operating in Argentina's interior during the 1880s, a period when the national government had not yet consolidated currency control and regional commercial houses routinely commissioned their own emission. The American Bank Note Company printed for dozens of such institutions across Latin America during this decade, and the Tucumán series falls into that broader wave of provincial paper that preceded Argentina's catastrophic banking crisis of 1890.

The bank itself was short-lived. By the time the Baring Crisis hit and Buenos Aires moved to rationalize the monetary system under the 1890 reforms, most private provincial issuers — Muñoz & Rodriguez among them — had already ceased operations or been absorbed. Surviving notes from this issuer are genuinely scarce.