Catalog
150 Pesos
| Issuer | Banco Nacional |
|---|---|
| Year | 1826 |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | El Banco Nacional Promete pagar al portador y a la lista la cantidad de Ciento y Cincuenta Pesos En moneda metálica Buenos Ayres Por los Directores y Accionistas Contador Presidente 150 |
| Reverse description | The reverse of this note appears to be unprinted, consistent with early Argentine provincial banknote issues of the 1820s. |
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| Comments |
El Banco Nacional was Argentina's first national bank, established in 1826 under Bernardino Rivadavia's reformist government with substantial British capital involvement. It issued paper currency at a moment when the young republic had almost no tradition of fiduciary money — convertibility was promised but almost immediately suspended due to the costs of the war with Brazil, which broke out the same year the bank opened.
The 150-peso denomination is an unusual one by any standard, suggesting the series was structured around local commercial conventions rather than borrowed European templates. PS#359 is among the rarer denomination survivors from this issue; most circulating examples were destroyed or lost during the bank's collapse in 1836 following the suspension of convertibility and chronic fiscal abuse by successive provincial governments.