Catalog
2 Pesos
| Issuer | Banco Industrial de la Provincia de La Rioja |
|---|---|
| Year | 1884 |
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| Currency | Peso (1826-1985) |
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| Obverse description | The obverse is engraved in a grey-black intaglio style. At upper centre, the bank title 'EL BANCO INDUSTRIAL DE LA PROVINCIA DE LA RIOJA' appears within an oval guilloche frame, flanked by the numeral '2' at right in a separate oval cartouche. To the left, a female allegorical figure in classical attire is set below the provincial coat of arms, with a promise-to-pay inscription reading 'Pagará al portedor a la vista'. A central vignette shows a reclining figure in a pastoral or allegorical scene, while to the lower right a detailed vignette of a steam locomotive and industrial tower evokes progress and commerce. The place and date 'Chilecito, de 1884' appear at the lower centre, with signature lines for Director and Gerente. |
|---|---|
| Obverse lettering | EL BANCO INDUSTRIAL DE LA PROVINCIA DE LA RIOJA DOS PESOS ORO MONEDA NACIONAL VILLA ARGENTINA Pagará al portedor a la vista Chilecito, de 1884 DIRECTOR GERENTE |
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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, when national banking legislation was loose enough to permit provinces to charter their own institutions and issue circulating notes. La Rioja was among the poorest and least populous provinces, and its industrial bank was more a political instrument than a commercial one — created to stimulate local economic activity in a region that had little of it.
The PS prefix in the Pick reference places this firmly in the speculative or semi-official category. Few of these provincial notes survived in any quantity; redemption rates were poor and the institutions behind them often short-lived.