Catalog
50 Pesos
| Issuer | Banco Provincial de La Rioja |
|---|---|
| Year | 1888 |
| Type | Local banknote |
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| Obverse description | The obverse carries the heading REPUBLICA ARGENTINA across the top, with a central vignette of the Argentine national arms within a circular frame. The issuing bank name EL BANCO PROVINCIAL DE LA RIOJA is inscribed in bold script across the centre, with the denomination CINCUENTA PESOS rendered in letterpress both in words and numerals. Lateral vignettes of allegorical figures occupy the left and right panels, with the value 50 repeated in the upper right corner and the words CINCUENTA and CINCUENTA PESOS printed at the lower left and lower right respectively. |
|---|---|
| Obverse lettering | REPUBLICA ARGENTINA EL BANCO PROVINCIAL DE LA RIOJA CINCUENTA PESOS CINCUENTA 50 |
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| Comments |
The Banco Provincial de La Rioja was one of several Argentine provincial banks empowered to issue currency under the 1887 banking law — the same legislation that briefly unleashed a flood of provincial paper across the country before the catastrophic Baring Crisis of 1890 forced most of these institutions into liquidation. La Rioja was among the more thinly capitalized of the group, and its notes circulated almost entirely within the province.
PS#1156 is scarce in any condition. The bank's failure left redemption obligations unmet, and surviving notes were not systematically recalled or destroyed — they simply stopped being honored.