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2 Pesos
| Issuer | Banco Hipotecario de la Provincia de Buenos Aires |
|---|---|
| Year | 1891 |
| Type | Local banknote |
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| Composition | Log in to see details |
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|---|---|
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| Reverse description | The reverse is printed in brown on plain paper, with large guilloche numeral '2' panels at left and right. The centre is occupied by a full text block headed 'Ley de 14 de Julio de 1891', containing five numbered articles in Spanish setting out the conditions for coupon redemption and amortisation of the bond. A fine guilloche border surrounds the entire design, and the printer's imprint appears at the foot. |
| Reverse lettering | Ley de 14 de Julio de 1891 ART. 4 IMPRENTA DEL MUSEO DE LA PLATA |
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| Comments |
The Banco Hipotecario de la Provincia de Buenos Aires was a mortgage bank, not a commercial one — its note-issuing activity was tied directly to provincial land credit operations rather than general banking. The 1891 date places this squarely within Argentina's severe financial crisis of that year, when the collapse of Baring Brothers in London triggered a cascade of bank failures and currency chaos across the country. Provincial mortgage institutions were among the hardest hit, and many ceased operations entirely within months.
Local printing in La Plata reflects the disrupted conditions of the period — access to foreign security printers had effectively collapsed alongside the credit that normally financed such contracts.