2 Pesos

The Banco Provincial de Santa Fé was one of several Argentine provincial banks authorized to issue their own currency under the 1887 Ley de Bancos Garantidos, which required note emissions to be backed by national government bonds. The system collapsed spectacularly in 1890 when the Baring Crisis triggered a run on provincial banks across Argentina — the Santa Fé institution among them. Notes issued in 1888 fall squarely within that brief window of legally mandated but ultimately unsustainable provincial emission.

ABNC's involvement was near-universal among Argentine provincial issuers of this period; the company held a dominant position in South American government and banking contracts throughout the late nineteenth century.