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2 Pesos
| Issuer | Banco Provincial de Mendoza |
|---|---|
| Year | 1888 |
| Type | Local banknote |
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| Obverse description | The obverse is printed in black on white paper and carries the header REPUBLICA ARGENTINA across the top, with the denomination numeral 2 at each upper corner and a series and serial number notation. To the left, an allegorical vignette shows two putti figures, one of whom aims an arrow, rendered in fine intaglio engraving. To the right, a circular portrait vignette contains a bust of a uniformed military figure, identified below as a hero of the patria. The central text panel bears the issuing bank name, denomination DOS PESOS, and a RENOVACION overprint stamp, with manuscript signatures and date of Buenos Aires, 1 de Enero de 1888. |
|---|---|
| Obverse lettering | REPUBLICA ARGENTINA SERIE 008 BANCO PROVINCIAL DE MENDOZA DOS PESOS BUENOS AIRES, 1 DE ENERO DE 1888 RENOVACION POR EL BANCO |
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| Comments |
The Banco Provincial de Mendoza was a provincial state bank operating under Argentina's decentralized banking regime of the 1880s, when individual provinces still retained the authority to issue their own paper currency — a situation the national government moved aggressively to curtail following the financial catastrophe of 1890. This note predates that collapse by two years, issued during a period of speculative expansion and loose credit that ultimately contributed to the Baring Crisis.
The American Bank Note Company contract work for Argentine provincial banks in this period is well documented. ABNC printed for multiple issuers simultaneously, and the security printing quality was substantially higher than the fiscal discipline of the banks backing the notes.