Banknote Billet Spain 200 pesos fuertes Isabelle II d'Espagne 1837

Remarks:

Plis

The Royal Treasury Bond is a debt instrument issued in 1837 during the reign of Isabella II of Spain, bearing serial number 8877 and belonging to Series A. Its face value is set at 200 pesos fuertes, equivalent to 20 reales vellon, two monetary units in use in 19th-century Spain.

This fiduciary document is rooted in a particularly unstable historical and economic context for Spain, marked by the Carlist Wars and the need for the Royal Treasury to resort to public debt instruments in order to finance the needs of the State. Royal Treasury bonds were then a common mechanism allowing the monarchy to raise funds from creditors.

The note is associated with the figure of Isabella II, Queen of Spain whose reign officially began in 1833 upon the death of her father Ferdinand VII, although she did not effectively govern until her majority was declared in 1843. The issuance of this bond in 1837 therefore corresponds to the regency period, under the authority of her mother Maria Christina of Bourbon, during which numerous financial reforms were undertaken.

From a typological standpoint, this document is classified as a banknote, that is, a paper instrument representative of a monetary value or a debt, distinct from struck metal coins. The handwritten or printed numbering, such as number 8877, made it possible to individually identify each copy within the series, thereby ensuring rigorous administrative tracking of the circulation of these securities.

Series A, to which this bond belongs, indicates an organisation by issuance tranches, a common practice in the management of government loans of the era, making it possible to distinguish the different waves of issuance and to facilitate their accounting management by the Spanish Royal Treasury.