5 Pesos Bolivianos

Banco J. Benites é Hijo was a private commercial bank operating out of Gualeguaychú, Entre Ríos province — one of dozens of provincial Argentine banks that issued their own notes during the fractured monetary period before the Banco Nacional was established. The 1867 date places this squarely in the middle of the Paraguayan War, when currency circulation across the Río de la Plata region was severely disrupted and private paper was often the only practical medium of exchange in provincial towns.

Locally printed notes from Gualeguaychú of this vintage are genuinely rare survivors. Most provincial Argentine private issues were redeemed or simply discarded as the national banking system consolidated through the 1870s.