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20 Pesos
| Issuer | Banco de la Nación Argentina |
|---|---|
| Year | 1895-1896 |
| Type | Standard circulation banknote |
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| Obverse description | Black intaglio on light-green and light-orange underprint. A seated allegorical female figure writing appears at left, the Argentine Coat of Arms at upper center, and a portrait vignette of General Juan Antonio Álvarez de Arenales at right. Two signature varieties exist for this issue. |
|---|---|
| Obverse lettering | República Argentina Ley nº 3062 de 8 de Enero de 1894. La Nacion PAGARÁ AL PORTADOR Y Á LA VISTA VEINTE PESOS MONEDA NACIONAL Buenos Aires, 1° de Enero de 1895 (Translation: Republic of Argentina Law no. 3062 of January 8, 1894. The Nation will pay to the bearer and at sight Twenty Pesos National Currency Buenos Aires, January 1, 1895) |
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| Comments |
The Compañía Sud-Americana de Billetes de Banco was established in Buenos Aires in the early 1890s specifically to give Argentina domestic printing capacity after years of dependence on European houses — a direct response to the Baring Crisis of 1890, which had exposed how badly foreign creditors could destabilize the country's monetary infrastructure. That this note was printed locally rather than in London or Paris is itself a policy decision made visible in paper.
Two signature combinations are recorded for this emission, suggesting sequential administrations at the Banco de la Nación during a period when the institution itself was still young, having been founded in 1891 from the ruins of the Banco Nacional.