2 Reales Plata Boliviana

Otero y Cía. was a private commercial house in Córdoba, not a chartered bank, which makes this note an unusual artifact of Argentina's pre-banking regulation period — when merchant firms could and did issue their own circulating paper. The denomination in Reales Plata Boliviana is telling: Bolivia's silver coinage was the dominant medium of exchange across the interior provinces well into the 1860s, and this note's value was pegged to that coinage rather than to any Argentine monetary standard.

Provincial private issues of this type rarely survived in quantity. Most were redeemed, refused, or simply worn out of existence within a few years of issue.