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50 Pesos

Issuer Banco Nacional
Year 1826
Type Local banknote
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Obverse description Entirely typeset and copperplate-engraved note on plain cream stock, with the bank title 'El Banco Nacional' rendered in ornate script at the top centre, flanked by a small coat-of-arms vignette. Two oval guilloche medallions bearing the numeral '50' appear at the lower left and upper right. The body of the note carries the promise-to-pay text, place of issue, and authorization by directors and shareholders in flowing cursive letterpress.
Obverse lettering El Banco Nacional
Promete pagar al portador y a la vista la cantidad de
CINCUENTA PESOS
en moneda metálica
Buenos Ayres
Por los Directores y Accionistas
Por el Contador
Por el Presidente
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Banco Nacional was Argentina's first chartered national bank, established in 1826 under Bernardino Rivadavia's reform program. It lasted barely six years — the bank collapsed in 1836 under the weight of unsecured note issuance and the fiscal pressures of the 1826–1828 war with Brazil, leaving its paper currency largely unredeemed.

PS357 is among the earlier high-denomination emissions from this institution. Notes printed in Buenos Aires during this period were produced under genuinely difficult conditions — skilled engravers and adequate press equipment were chronically scarce in the Río de la Plata region, and the quality of domestic printing reflected those limitations.