20 Pesos

Banco de Londres y Río de La Plata was a British-owned commercial bank that began operations in Buenos Aires in 1863, one of several foreign institutions that moved aggressively into Argentine provincial markets during the credit expansion of the 1860s. Its Córdoba branch issued a distinct series of notes, of which PS1728 is the twenty-peso denomination — a relatively high face value for provincial circulation at that time, when most day-to-day commerce ran on far smaller amounts.

Argentine provincial banking in this period operated under loose federal oversight, and the 1876 financial crisis ultimately forced most such institutions to contract or close. Notes from the Córdoba branch are considerably scarcer than those from the Buenos Aires office.