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5 Pesos

Issuer Provincia de Corrientes
Year 1891
Type Local banknote
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Obverse description Brown and black typeset note with a central oval vignette at left containing a cross and sheaf of wheat flanked by palm branches, surmounted by a banner reading 'CINCO PESOS'. A guilloche underprint bearing the large numeral '5' appears at right. The upper portion carries the title 'BILLETE DE TESORERIA DE LA PROVINCIA DE CORRIENTES' within an ornate banner, with a serial number to the right. The central text states the province's obligation to accept the note in payment of fiscal taxes and public lands, with signature lines for Gobernador, Ministro de Hacienda, and Contador below.
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Reverse lettering LEY PROMULGADA EL 16 DE NOVIEMBRE DE 1891
CORRIENTES
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Comments

Corrientes had a long and contentious history of issuing its own provincial currency well outside the authority of the national government in Buenos Aires — a practice that continued sporadically through the late nineteenth century despite federal pressure to consolidate monetary authority under the Banco Nacional. This particular 1891 emission came during the financial collapse that followed the Baring Crisis, when Argentina's credit structure buckled and provincial administrations scrambled to keep local economies liquid.

PS#2015 is among the later Corrientes issues and survives in relatively small numbers, likely because redemption rates were low and faith in the notes' convertibility had largely evaporated before they could circulate widely.

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