5 Centavos

The Compañía Sud-Americana de Billetes de Banco was the Argentine subsidiary established specifically to bring banknote printing capacity onshore — a direct response to the Baring Crisis of 1890, which had exposed the country's dangerous dependence on foreign credit and foreign-printed currency alike. This note falls within the bank's early consolidation period, when the Nación was still absorbing the wreckage of the collapsed Banco Nacional and the provincial banks that had fueled the speculative bubble.

At this denomination, notes were essentially fractional currency doing the work of small coin in everyday transactions. Heavy circulation wear is the norm for survivors.