2 Reales Bolivianos

Miguel Lanieri was a private merchant or commercial house operating in Victoria, Bolivia — one of dozens of quasi-banking entities that issued their own paper obligations during the 1860s and 1870s in the absence of any formal national banking system. Bolivia would not establish its first chartered bank until 1871 (Banco Nacional de Bolivia), and even then, private commercial paper continued to circulate locally long afterward.

PS references in the South American section typically denote privately issued scrip rather than state-guaranteed currency. Whether this note was redeemable in coin on demand or represented a deferred commercial credit is not established in the surviving record.