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28 Centavos Fuertes = 2 Chirolas

Issuer Banco Nacional
Year 1880
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Currency Peso Fuerte (1861-1885)
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Reverse description Printed in red-pink ink, the reverse presents a central allegorical vignette with two standing female figures flanking a central armorial or emblematic group, rendered in a classical engraved style within a rectangular frame bordered by fine guilloche ornamental bands. The word VEINTIOCHO appears in a panel at the bottom centre of the vignette. A large diagonal rectangular cancellation stamp is applied across the face of the note. The printer's imprint 'Guillermo Kraft' appears at upper left.
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Signature(s) Guillermo Kraft (El Inspector) and Wenceslao Pacheco (El Presidente)
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Comments

The denomination itself explains everything. "Chirola" was Rio de la Plata slang for the old medio real coin, and the 14-centavo unit it represented was a deeply embedded piece of small-change arithmetic that lingered in popular reckoning long after decimalization had officially made it obsolete. Two chirolas equalled 28 centavos fuertes, and the Banco Nacional had to issue this note because nobody could keep small silver in circulation — it was hoarded, clipped, and melted the moment it appeared.

Guillermo Kraft signed as inspector as well as printer, which is an unusual concentration of authority for a note of this type. His Buenos Aires press was a dominant force in Argentine commercial printing through the 1880s, and the in-country production avoided the delays and currency risks of commissioning from European security printers.

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