1 Peso Fuerte

Santiago del Estero's provincial note issues of the 1870s were a direct consequence of Argentina's fragmented pre-unification banking structure, where individual provinces retained authority to emit their own paper currency well before the 1890 Baring Crisis forced systemic reform. The Peso Fuerte denomination itself was already archaic by 1876 — the national government had been working to consolidate currency since the 1860s — which makes a provincial issue at this late date politically pointed.

Guillermo Kraft was a German-born printer who established himself in Buenos Aires and became one of the most active commercial lithographers in the Río de la Plata region during this period. The Reconquista 32 address places this firmly in his early Buenos Aires operation, before the firm expanded into the major publishing house it later became.