5 Pesos Bolivianos

Banco Paraná was one of several provincial Argentine banks chartered during the 1860s under a loose federal banking framework that gave individual provinces broad authority to issue their own currency. The resulting proliferation of competing notes — often poorly backed and circulating at steep discounts outside their home province — contributed directly to the banking reform debates that consumed Argentine fiscal policy through the 1870s and beyond.

PS#1817 is a scarce entry in the South American provincial series. Banco Paraná's issues from this period are thinly documented, and surviving examples rarely appear at auction.