100 Pesos Banco de Santiago

Banco de Santiago was one of several Chilean private banks authorized to issue their own currency under the 1860 Ley de Bancos, a system that persisted until the state consolidated note-issuing authority in the early twentieth century. During this period, ABNC held contracts with a significant number of South American private banks simultaneously, often recycling vignette elements across different clients — a common practice that can make attribution tricky when plates survive from multiple issuers.

Chile's 1878 financial crisis forced many banks to suspend specie payments, and notes from this period circulated at varying discounts depending on the issuing institution's perceived solvency. Santiago-based banks generally fared better than provincial ones.