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20 Décimos

Issuer Banco Nacional
Year 1826
Type Local banknote
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Obverse lettering BANCO.
VEINTE DECIMOS
Reverse description No image of the reverse is available. The reverse of this early typeset issue is presumed plain or with minimal printed content consistent with provincial banknote production of the period.
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Comments

Banco Nacional was one of the earliest formal banking institutions established in Latin America, and a 20 Décimos note from 1826 places this squarely in the foundational years of post-independence monetary experimentation across the region. The décimo as a unit reflects the decimal currency reforms that followed the break from Spanish colonial coinage systems, though adoption was uneven and public resistance to paper instruments was considerable.

PS# prefixes in the Pick catalog designate private or state bank issues predating central banking authority — this note falls into that transitional legal gray zone where issuing banks held quasi-governmental status but without formal sovereign backing.