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5 Pesos Fuertes

Issuer Banco de San Juan
Year
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Composition Paper
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Obverse lettering SAN JUAN
EL BANCO DE SAN JUAN
Serie D
Nº 006001
Pagará al portador
Cinco Pesos
en moneda
SAN JUAN
y á la vista
FUERTES
Por el Banco
Consejero
Gerente
CINCO PESOS FUERTES
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Reverse lettering 5
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Comments

Banco de San Juan was one of several Argentine provincial banks that issued notes under the currency reforms of the 1850s and 1860s, a period when Buenos Aires and the interior provinces were still negotiating the terms of monetary federation. Provincial paper circulated on local trust and was frequently discounted outside its home province — a San Juan 5 Pesos Fuerte was worth considerably less in Rosario or Córdoba than it claimed on its face.

The "Fuertes" denomination distinguished these notes from the heavily inflated Pesos Moneda Corriente, at a fixed rate of 25 to 1.

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