Catalog
10 Pesos
| Issuer | Banco Industrial de la Provincia de La Rioja |
|---|---|
| Year | 1884 |
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| Value | 10 Pesos |
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| Obverse description | The obverse is printed in brown-violet tones and carries the bold heading EL BANCO INDUSTRIAL DE LA PROVINCIA DE LA RIOJA across the upper portion, with the denomination DIEZ PESOS MONEDA NACIONAL ORO inscribed at the lower left. A central vignette depicts a rural or mining labour scene with figures in a landscape, consistent with the province's industrial character, while an oval cartouche at the upper left bears the Argentine provincial coat of arms; the numeral 10 appears in an ornate oval panel at the right, accompanied by the place of issue Villa Argentina (Chilecito) and a serial number. |
|---|---|
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| Reverse lettering | EL BANCO INDUSTRIAL DE LA PROVINCIA DE LA RIOJA DIEZ DIEZ DIEZ DIEZ 10 10 10 10 X GUILLERMO KRAFT RECONQUISTA 53 BUENOS AIRES |
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| Comments |
Banco Industrial de la Província de La Rioja was one of several provincial banks that emerged in Argentina during the early 1880s under legislation permitting provinces to charter institutions empowered to issue their own currency backed by national bonds. The arrangement was chronically abused — many provincial banks issued far beyond their bond reserves — and the entire system collapsed in the Baring Crisis of 1890, which wiped out most of these institutions and their paper simultaneously.
Guillermo Kraft was among the most active commercial printers in Buenos Aires during this period, handling a substantial share of provincial bank work that larger international security printers did not pursue.