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| 正面描述 | Horizontal letterpress note enclosed within an ornate typeset border, with the heading LEY DE 1.° DE OCTUBRE DE 1857 at the top and CONFEDERACION ARGENTINA in bold across the upper centre, flanked by the serial number on both sides. The body text, in Spanish, constitutes a formal promissory obligation by EL GOBIERNO NACIONAL to pay the bearer twenty-five pesos at two percent monthly interest, issued at Paraná on 1 October 1857 and redeemable at any National Customs house. The denomination VEINTICINCO PESOS is printed vertically in both the left and right margins and repeated in letterpress along the lower edge, with three signature lines at the foot identifying El Ministro de Hacienda, El Contador General 2.°, and El Tesorero, each bearing manuscript signatures. |
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| 背面铭文 | CONTRATO de 1.° DE OCTUBRE de 1857 EL GOBIERNO NACIONAL |
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The Confederación Argentina was a short-lived political entity — the rump state that emerged after Buenos Aires seceded from the Argentine Republic in 1852 and didn't reunite until 1861. Paraná served as the Confederation's capital during this period, and notes printed there reflect an administration perpetually short of hard currency and politically isolated from the commercial weight of Buenos Aires.
Local printing in Paraná, rather than contracting a European security printer, was a fiscal necessity. The quality of domestically produced paper currency from this period is generally inconsistent, and PS#196 survivors tend to show the limitations of provincial presswork.