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1 Real = 12 1/2 Centavos Fuertes

Issuer Banco de Corrientes
Year 1873
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Value 1 Real
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Obverse description Single-sided note printed in dark grey-black ink on cream paper, with the issuer's name EL BANCO DE CORRIENTES displayed in large letters across the upper portion. A central vignette shows a deer in a landscape, flanked by the denomination cartouches reading UN Real and 12½ Cts at the upper corners. The border consists of repeated guilloche-style frame elements with the denomination repeated along all four sides; Series letter A appears to the left, with a red manuscript serial number to the right, and the promise-to-pay legend pagará al portador y á la vista above the large letterpress denomination DOCE Y MEDIO CENTAVOS Fts.
Obverse lettering EL BANCO DE CORRIENTES
UN Real
12½ Cts
SERIE A
UN REAL
12½ CTS
pagará al portador y á la vista
DOCE Y MEDIO CENTAVOS Fts
en moneda de los Corrientes 5 de Marzo de 1873
EL COMISARIO DELEGADO
POR EL BANCO
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Comments

The Banco de Corrientes was a provincial institution operating at a time when Argentina's banking system was genuinely fractured — each province could charter its own bank and emit its own paper, with wildly uneven results. The fractional denomination here, one real equated to twelve and a half centavos fuertes, reflects the painful arithmetic of currency transition: the old colonial real system being formally converted into the decimal peso fuerte, but not yet abandoned in everyday commerce.

Corrientes province had a particularly turbulent monetary history in this period, still recovering economically from the devastation of the War of the Triple Alliance, which ended in 1870.

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