Banknote Billet Spain 200 pesos fuertes 1837

Remarks:

Plis et salissures

The Royal Treasury Bond is a debt security issued in 1837 by the Spanish Treasury, belonging to Series A. Its face value is 200 pesos fuertes, equivalent to 20 reales vellón, the monetary unit in use in Spain during the first half of the 19th century.

This type of fiduciary document is rooted in the particularly unstable economic and political context of Spain in the 1830s, marked by the Carlist Wars and a deep crisis in public finances. The Royal Treasury then resorted to issuing bonds to alleviate the State's cash flow difficulties, these instruments constituting a form of short-term public debt.

The peso fuerte was at the time one of the most important denominations of the Spanish monetary system, widely used in commercial exchanges both on the Iberian Peninsula and in the former American colonies. The mention of reales vellón as an equivalent reflects the complexity of the Spanish monetary system of the era, which simultaneously articulated several units of account.

As a Royal Treasury Bond note, this document displays the typical characteristics of official securities issued under the Spanish monarchy during the early Isabelline period. It bears the legal and institutional mentions specific to Royal Treasury issues, guaranteeing its authenticity and legal value at the time of its issuance.

Today, this bond represents a direct testimony to Spanish monetary and financial history of the 19th century, illustrating the mechanisms of public debt management during a major period of political transition for the Spanish monarchy.