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1 Peso Boliviano

Issuer Banco Paraná
Year 1868
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Value 1 Peso Boliviano
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Obverse lettering UN PESO BOLIVIANO
UNO
BANCO PARANÁ
SERIE A.
UN PESO BOLIVIANO
Pagará el Banco Paraná al portador de este billete
UN PESO moneda boliviana ó su equivalente
POR EL BANCO
Reverse description Log in to see details
Reverse lettering UN PESO BOLIVIANO
UNO
BANCO PARANÁ
SERIE A.
UN PESO BOLIVIANO
Pagará el Banco Paraná al portador de este billete
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Comments

Banco Paraná was one of several provincial Argentine banks chartered in the 1860s under a loose federal banking framework that allowed individual provinces to issue their own currency. The arrangement was perpetually contentious — Buenos Aires resented provincial note circulation, and many of these banks operated on thin reserves with little oversight from any central authority.

PS prefix in the Pick catalogue denotes a note issued by a state or provincial bank rather than a national authority, and the 1815 reference places this firmly in the Argentine provincial series. Banco Paraná's lifespan was short; national banking legislation in the early 1870s effectively shuttered most provincial issuers.

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