200 Pesos

The Banco Nacional de las Provincias Unidas del Río de la Plata was a short-lived institution, chartered in 1826 and liquidated by 1836 after chronic political interference and the financial strain of the war with Brazil gutted its reserves. This 200 Pesos note, issued near the end of that existence, circulated during a period when the bank had already lost the confidence of much of its depositor base and was operating under severe convertibility restrictions imposed years earlier.

Printed locally in Buenos Aires rather than contracted to a European house — unusual for the period and region — which contributes to the comparatively rough execution found across the series. PS#375 is among the higher denominations of the bank's final issues, and survivors in any condition are genuinely uncommon.