1 Real

The Banco de Londres y Río de la Plata was the first British-chartered bank to establish operations in Argentina, arriving in Buenos Aires in 1862. Its Córdoba branch opened later in the decade as part of a broader push into the interior provinces, where local commerce was poorly served by the Buenos Aires financial houses. This note was issued from that branch — the "Córdoba" designation is a branch identifier, not a separate institution.

1869 places this squarely in Argentina's pre-National Bank period, when provincial and foreign private banks issued their own paper freely. The Ley de Bancos of 1872 would begin to curtail that, and the national currency consolidation of 1883 effectively ended it. Branch-issued notes from interior offices of this bank are considerably rarer in surviving form than Buenos Aires issues.