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150 Pesos
| Issuer | Banco Nacional |
|---|---|
| Year | 1826 |
| Type | Local banknote |
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| Obverse description | Single-sided note printed in black on cream paper with elaborate calligraphic script throughout. At the top centre, the bank title 'El Banco Nacional' is set beneath a small oval vignette of the Argentine coat of arms with radiating glory. Two octagonal denomination panels bearing '150' appear at the upper right and lower left. The promise-to-pay text, rendered in ornate copperplate lettering, reads across the centre, with the place of issue 'Buenos Ayres' and the authority line 'Por los Directores y Accionistas' below; signature lines for 'Contador' and 'Presidente' occupy the lower margin. |
|---|---|
| Obverse lettering | El Banco Nacional Promete pagar al portador y a la lista la cantidad de Ciento y Cincuenta Pesos En moneda metálica Buenos Ayres Por los Directores y Accionistas Contador Presidente 150 |
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| Comments |
El Banco Nacional was Argentina's first national bank, established in 1826 under Bernardino Rivadavia's reformist government with substantial British capital involvement. It issued paper currency at a moment when the young republic had almost no tradition of fiduciary money — convertibility was promised but almost immediately suspended due to the costs of the war with Brazil, which broke out the same year the bank opened.
The 150-peso denomination is an unusual one by any standard, suggesting the series was structured around local commercial conventions rather than borrowed European templates. PS#359 is among the rarer denomination survivors from this issue; most circulating examples were destroyed or lost during the bank's collapse in 1836 following the suspension of convertibility and chronic fiscal abuse by successive provincial governments.