10 Pesos

Banco de Rere was one of several small regional Chilean banks authorized under the 1860 banking law, which permitted virtually any commercial entity meeting minimal capital requirements to issue its own notes. Most of these institutions were undercapitalized and short-lived. Waterlow & Sons printed for dozens of such banks across Latin America during this period, often using interchangeable vignette plates with only the bank name and denomination changed.

Chilean private bank notes were effectively abolished following the 1898 Ley de Bancos reform, which forced conversion to state-backed currency. Notes from minor provincial issuers like Rere that survived that transition are scarce simply because redemption volumes were small and few were preserved.