2 Soles

Banco La Providencia was one of several private Peruvian banks that emerged under the 1862 banking legislation permitting commercial note issue — a brief liberalization that ended when the state moved to consolidate currency control in the late 1870s. The American Bank Note Company contract was typical for South American private banks of this period seeking engraved plates that projected credibility to a note-skeptical public.

The S228 designation places it in the Peruvian private bank section, a category where surviving examples are genuinely uncommon. Most Peruvian private bank paper was recalled or simply destroyed as institutions collapsed under the financial strain of the War of the Pacific.