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20 Pesos

Issuer Banco Industrial de la Provincia de La Rioja
Year 1884
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Value 20 Pesos
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Reverse description The reverse is printed entirely in rose-red and displays a complex guilloche pattern as the central design element, incorporating an oval medallion at center bearing the inscriptions 'EL BANCO INDUSTRIAL PROVINCIA DE RIOJA' surrounded by intricate lathe-work borders. The denomination numeral '20' appears in circular cartouches at both the left and right sides, each framed by ornamental guilloche work. A banner at top reads 'VEINTE PESOS' and a corresponding one at bottom mirrors the denomination, with the overall layout relying entirely on geometric engine-turned ornament rather than pictorial vignettes.
Reverse lettering VEINTE PESOS
EL BANCO
INDUSTRIAL
PROVINCIA
DE
RIOJA
20
20
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Banco Industrial de la Provincia de La Rioja was one of several provincial institutions that emerged in Argentina during the early 1880s, when a loosely regulated banking environment allowed provinces to charter their own note-issuing banks with minimal federal oversight. The arrangement was frequently chaotic — many of these banks were undercapitalized from the start, and La Rioja was among the poorer interior provinces, far removed from the commercial activity that sustained the larger coastal institutions.

Guillermo Kraft was a Buenos Aires-based printing house of German origin that handled a significant share of provincial and commercial printing in Argentina during this period. The bank itself did not survive the national banking reforms that followed the Baring Crisis of 1890, which effectively ended provincial note issuance across Argentina.