10 Pesos Bolivianos

The Banco de Victoria was one of several private provincial banks chartered in Bolivia during the early 1870s, a period when the national government lacked the infrastructure to issue its own paper currency and instead licensed regional institutions to fill that role. These banks operated under limited supervision, and their notes circulated primarily within narrow geographic areas — often accepted only where the issuing bank had commercial relationships.

PS#1925 is among the rarer entries in the South American provincial private bank series. Documentation on the Banco de Victoria's actual operating history is thin, and surviving notes suggest the bank's active life was brief.