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1 Peso
| Issuer | Banco de la Provincia de Buenos Aires |
|---|---|
| Year | 1891 |
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| Composition | Cotton paper |
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|---|---|
| Obverse lettering | EL BANCO DE LA PROVINCIA DE BUENOS AIRES SERIE A CERTIFICADO DE DEPÓSITO UN PESO LEY NACIONAL NÚM. 2789 7 DE AGOSTO DE 1891 INSPECTOR GENERAL PRESIDENTE |
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| Reverse lettering | DEPOSITÁNDOSE EN EL BANCO DE LA PROVINCIA ESTE BILLETE DEVENGARÁ UN INTERÉS DE: CINCO POR CIENTO ANUAL POR DEPÓSITO Á PREMIO Y DE TRES POR CIENTO POR DEPÓSITO COMERCIAL. BANCO DE LA PROVINCIA DE BUENOS AIRES |
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| Comments |
The Banco de la Provincia de Buenos Aires was no stranger to crisis by 1891. The collapse of Baring Brothers in 1890 — triggered in large part by overexposure to Argentine sovereign debt — sent the Buenos Aires provincial bank into receivership and forced a complete restructuring of the provincial banking system. Notes issued in this period circulated under severe public distrust, and convertibility was effectively suspended.
PS#573 falls within the post-Baring emission, making its survival in any condition a minor document of that wreckage.