1 Peso

Mendoza's provincial paper emissions of the early 1900s emerged from a gap in federal monetary coverage — the Caja de Conversión, established after the 1890 Baring Crisis, handled national convertibility but left provincial governments scrambling for small-denomination liquidity. This note was lithographed by Guillermo Kraft, the German-founded Buenos Aires firm that handled a substantial share of Argentine commercial and official printing work in this period.

Provincial notes of this type were technically illegal under the 1891 federal banking laws but tolerated in practice. Mendoza's wine economy ran largely on local scrip well into the twentieth century.