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1 Peso Boliviano

Issuer Banco Paraná
Year 1868
Type Local banknote
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Obverse description Green and yellow note with the bank title BANCO PARANÁ in large letters across the upper portion, flanked on each side by the word UNO within ornate guilloche panels. A central vignette depicts two horses standing in a pastoral setting. To the lower left, a seated allegorical female figure is shown beside barrels and merchandise, while the lower right carries a vignette of a rider on horseback accompanied by figures. The denomination UN PESO BOLIVIANO appears in bold lettering both above and below the central vignette, with the bearer clause 'Pagará el Banco Paraná al portador de este billete' and the series and serial number designations flanking the central field.
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Reverse description The reverse is printed in green and yellow, presenting a mirror impression of the obverse design as a back-printed security feature. The central vignette of two horses in a pasture is reproduced in the same position, flanked by the allegorical side vignettes, with BANCO PARANÁ and UNO panels visible in reverse orientation. The serial number, series letter, and bearer text are legible in mirror image, confirming the note was printed uniface with the back serving as a show-through security element.
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Banco Paraná was one of several provincial Argentine banks chartered in the 1860s under a loose federal banking framework that allowed individual provinces to issue their own currency. The arrangement was perpetually contentious — Buenos Aires resented provincial note circulation, and many of these banks operated on thin reserves with little oversight from any central authority.

PS prefix in the Pick catalogue denotes a note issued by a state or provincial bank rather than a national authority, and the 1815 reference places this firmly in the Argentine provincial series. Banco Paraná's lifespan was short; national banking legislation in the early 1870s effectively shuttered most provincial issuers.

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