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1 Peso

Issuer Banco Provincial de Córdoba
Year 1888
Type Local banknote
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Obverse lettering REPUBLICA ARGENTINA
SERIE 004
EMISION GARANTIDA CON EL DEPOSITO DE FONDOS PUBLICOS
NACIONALES, SEGUN LEY DE A DE NOVIEMBRE DE 1887
EL BANCO PROVINCIAL DE CORDOBA
pagará á la vista y al portador
UN PESO
a moneda Nacional
Buenos Aires
POR EL BANCO
PRESIDENTE DE LA OFICINA INSPECTORA
UNO
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Reverse lettering 1
1
UNO
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Comments

The Banco Provincial de Córdoba was one of several Argentine provincial banks empowered to issue their own currency under the banking framework that preceded the 1890 Baring Crisis — the catastrophic sovereign default that effectively ended provincial note-issuing in Argentina for good. This note predates that collapse by two years, circulating during a period of aggressive credit expansion and land speculation in Córdoba province that made the eventual crash worse than it needed to be.

The American Bank Note Company held most of the major Argentine provincial contracts through this period, producing notes for multiple issuers simultaneously out of New York.

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