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20 Centavos
| Issuer | Banco Hipotecario de la Provincia de Buenos Aires |
|---|---|
| Year | 1891 |
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| Composition | Log in to see details |
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| Reference(s) | P#S613 |
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|---|---|
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| Reverse description | Printed in red-brown on plain paper, the reverse is dominated by a dense block of regulatory text headed LEY DE 14 DE JULIO DE 1891 in bold letterpress, followed by five numbered articles setting out the bond's amortisation and redemption conditions. Guilloche panels bearing the numeral 20 are present in each corner, and the printer's imprint TALLERES DEL MUSEO DE LA PLATA appears at the foot of the note in small capitals. |
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| Signature(s) | Ernesto Etchegaray (Inspector) and Tesorero |
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| Comments |
The Banco Hipotecario de la Provincia de Buenos Aires issued fractional notes in 1891 during Argentina's catastrophic Baring Crisis, when the near-collapse of the national financial system left the country desperately short of small-denomination currency for everyday transactions. Provincial mortgage banks, normally occupied with long-term land-backed lending, found themselves filling that gap by necessity.
Printing was done in-house at the Museo de La Plata's workshops — an unusual arrangement that reflects just how improvised the response to the crisis was. The museum's print facilities were not a commercial operation, and the notes show it.