2 Pesos

Banco de San Luís was one of several Argentine provincial banks authorized to issue currency under the 1887 Ley de Bancos Garantidos, which required note circulation to be backed by national guaranteed bonds held in Buenos Aires. The system collapsed spectacularly in 1890 — the financial crisis that brought down the Baring Brothers house — and most provincial issuers were wound up within a few years. A note dated 1894 from this bank is therefore late in the series, issued during the drawn-out liquidation period rather than at the height of provincial banking activity.

Jacobo Peuser was the dominant Buenos Aires lithographic house of the period, handling printing for multiple provincial banks simultaneously.