ARGENTINA – Special Regional and Private Bank Editions
Bolivian Silver
In the mid-1860s, coins from other countries, especially the Bolivian one, circulated in Argentine territory. The absence of minted metal in the country caused different private issuers to begin using paper money in the interior provinces, resulting in an enormous variety of regional banknotes. Most of them took Bolivian silver as their conversion standard. Among these issues, the example of the Bank of London and Río de la Plata stands out, which used for the first time on a banknote the portrait of General José de San Martín in his old age, in 1869.
Also circulating were pesos, current currency (paper currency of the Province of Buenos Aires and the Nation); Ordinary Bolivians (Mendoza); Bolivians (Santa Fe, Entre Ríos, Corrientes and Córdoba); Bolivian pesetas (Tucumán); Chirolas or pesetas (Entre Ríos, Corrientes and Córdoba); strong pesos of the homeland or patacones (La Rioja).
The government of Entre Ríos authorized, through the decree of November 11, 1867, the Señores Domingo Garbino and Juan Oxandaburu, to open a bank in Gualeguaychú and to issue paper money.
However, in its short existence, since its closing occurred at the end of 1869, it realized three series of emissions, of excellent invoice, mainly those belonging to the 2nd and 3rd emission realized by the American Bank Note Company New York.
Most of the iconography used in the bills represent rural scenes, some of which are copies of works realized by Jean León Palliere.
Source: Numismatic Folios 55 – January 2011 – Santa Fe Numismatic Center