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20 Centavos
| Issuer | Banco Nacional |
|---|---|
| Year | 1884 |
| Type | Standard circulation banknote |
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| Obverse description | Black intaglio print on pink guilloche underprint. A portrait vignette of Lieutenant-General Bartolomé Mitre occupies the left, with the Argentine Coat of Arms positioned at right, both framed by ornate guilloche borders. Denomination and issuing authority inscriptions are rendered in period letterpress typography, with the date Buenos Aires, January 1st, 1884 prominently set within the central text panel. |
|---|---|
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| Signature(s) | all series except "P" - Roca & Sastre |
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| Comments |
The Banco Nacional was Argentina's primary federal banking institution through the 1880s, operating under close government direction during a period of aggressive infrastructure spending and foreign borrowing. This small-denomination note was part of a series issued just before the monetary expansion policies of the late Roca presidency began to seriously destabilize the peso, ultimately contributing to the Baring Crisis of 1890 that forced the bank's own liquidation.
The dual signature of Julio Roca and Norberto de la Riestra Sastre places this firmly in the pre-collapse years. Series "P" notes carry different signatories — a minor but cataloged distinction collectors should verify before attributing.