The Banco Nacional de las Provincias Unidas del Río de la Plata had a troubled existence almost from its founding in 1826 — caught between the financial pressures of the ongoing war with Brazil and the fierce federalist opposition led by Rosas, who viewed centralized banking as a tool of Buenos Aires porteño interests. By 1836, Rosas had dissolved it entirely. This copper piece, struck during the bank's final difficult years, circulated in an economy already fraying under inconvertible paper currency and provincial fragmentation.
The Banco Nacional de las Provincias Unidas del Río de la Plata had a troubled existence almost from its founding in 1826 — caught between the financial pressures of the ongoing war with Brazil and the fierce federalist opposition led by Rosas, who viewed centralized banking as a tool of Buenos Aires porteño interests. By 1836, Rosas had dissolved it entirely. This copper piece, struck during the bank's final difficult years, circulated in an economy already fraying under inconvertible paper currency and provincial fragmentation.