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1 Peso
| Issuer | Banco Provincial de La Rioja |
|---|---|
| Year | 1888 |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | REPUBLICA ARGENTINA BANCO PROVINCIAL DE LA RIOJA UN PESO UNO SERIE 012 BUENOS AIRES RENOVACION 1884 |
| Reverse description | Printed entirely in red-brown on cream paper, the reverse presents two large allegorical vignettes at left and right: a seated female figure with scientific instruments at left, and a scene with ships and nautical elements at right, separated by an elaborate guilloche latticework panel in the centre. The denomination 'UNO' appears in large serif numerals at the lower left and right corners within ornate counters. |
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| Comments |
Banco Provincial de La Rioja was one of the provincial banks operating under Argentina's fragmented pre-1890 banking regime, in which individual provinces issued their own currency backed — in theory — by gold deposits held with the national government. The system collapsed spectacularly in 1890 during the Baring Crisis, which triggered a nationwide financial panic and the forced liquidation of most provincial banks. Notes from La Rioja circulated in one of Argentina's least economically active provinces, and redemption rates were poor even before the crisis hit.
ABNC's New York engraving is likely the most technically accomplished thing about this note's existence.