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2 Pesos
| Issuer | Banco Provincial de Mendoza |
|---|---|
| Year | 1888 |
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| Composition | Log in to see details |
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| Reference(s) | P#S1162 |
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|---|---|
| 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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| Reverse lettering | 2 2 |
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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.