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½ Real Boliviano
| Issuer | Banco Paraná |
|---|---|
| Year | 1868 |
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| Reference(s) | P#S1811 |
| Obverse description | Blue-tinted note with guilloche borders running along all four edges and "BANCO PARANÁ" in large bold letters vertically along the left margin. A central oval vignette contains a rooster standing in profile, flanked by the bank name "BANCO" and "PARANÁ" in large capitals. The upper portion bears the denomination "MEDIO REAL" within a rectangular panel, with the date "Paraná, Abril 1º de 1868" and serial number to the right; the lower portion carries the payment obligation text in Spanish, a manuscript signature "Por el Banco," and the repeated denomination "MEDIO REAL" along the bottom border. |
|---|---|
| Obverse lettering | MEDIO REAL BANCO PARANÁ Paraná, Abril 1º de 1868 Pagará á la vista de OCHO de estos billetes EL BANCO PARANÁ, CUATRO REALES BOLIVIANOS. ó su equivalente Por el Banco MEDIO REAL |
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| Comments |
The Banco Paraná was one of several provincial banks operating in Argentina during the brief and turbulent free-banking period of the 1860s, before the national government moved to consolidate monetary authority. That these institutions issued denominations denominated in Bolivianos rather than pesos reflects the currency chaos of the interior provinces, where Bolivian silver coinage was the dominant circulating medium and paper had to anchor itself to something people actually trusted.
A half-real denomination suggests this was intended for small retail transactions — low-value fractional paper rarely survived heavy use, and the Banco Paraná's issues were in circulation for only a few years before provincial bank charters were curtailed.