5 Pesos

Banco Muñoz y Rodriguez & Ca. was one of several provincial Argentine banks authorized under the 1880s free banking arrangements that allowed private commercial houses to issue currency against gold reserves held with the national government. Tucumán's economy in this period ran heavily on sugar — the province had industrialized its cane processing rapidly through the 1870s, and local credit instruments like this circulated primarily within that agricultural and mercantile network rather than reaching Buenos Aires in any volume.

The American Bank Note Company held the engraving contract for a large share of Argentine provincial paper in this period, which creates genuine attribution challenges when plates were reused or shared across issuers. PS1762 is a scarce survivor from a bank that did not outlast the financial crisis of 1890.