Catalog
50 Pesos
| Issuer | Banco Nacional |
|---|---|
| Year | 1826 |
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| Shape | Rectangular |
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|---|---|
| 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 |
| Reverse description | The reverse is unprinted, left as plain paper without any design or lettering, consistent with the production practice of early privately issued Argentine paper money of the 1820s. |
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| Comments |
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.