2000 actual ticket issued in 1857 With the law of January 28, 1856 founded the Bank of Spain, the first official bank. The same bank at the same time ordered that each town could create a setting issue. So come share the privilege of issue in their respective localities. The pioneers were the Banco de Barcelona and the Banco de Cádiz, founded on May 1, 1844, as a branch bank of Elizabeth II. First had the name of the English Bank of Cadiz. As a result of the merger of banks in San Fernando and Elizabeth II, became the Bank of Cadiz in 1846.
provincial banks were quick to spread all around Spain, starting with Manchester, which operated from 1844 saw the creation and desires fulfilled six months after adopting the law. Up to 21 banks of issue, including the Bank of Spain, came into being.
Banco de Valladolid
was founded on July 27, 1857, issuing 15.5 million tickets valued at actual. Made a single issue dated August 24, 1857, with the 6 usual values. These notes were beautifully printed in England, on colored paper filigree, high quality, having the same format for all values, but different watermarks. They are printed in intaglio and the backs are blank. At the top center of the bill contains two crowns, Castile and that of Valladolid, topped, of those starting a banner with head of the Bank. The drawing of the front is the same for all values, have two test matrices for bead insertion, but arranged at right angles. In early 1858, had already issued more than 7 billion reais in bills, which were rising, reaching a peak of 15 million in 1862, a figure that was maintained over the years.
Life of Banco de Valladolid went very difficult due to the competition which made the Credit Societies. They finally broke in 1866, but left the bank in a very bad situation. Until the law of April 26, 1870 ordered its dissolution and liquidation.
Banco de Valladolid
was founded on July 27, 1857, issuing 15.5 million tickets valued at actual. Made a single issue dated August 24, 1857, with the 6 usual values. These notes were beautifully printed in England, on colored paper filigree, high quality, having the same format for all values, but different watermarks. They are printed in intaglio and the backs are blank. At the top center of the bill contains two crowns, Castile and that of Valladolid, topped, of those starting a banner with head of the Bank. The drawing of the front is the same for all values, have two test matrices for bead insertion, but arranged at right angles. In early 1858, had already issued more than 7 billion reais in bills, which were rising, reaching a peak of 15 million in 1862, a figure that was maintained over the years.
Life of Banco de Valladolid went very difficult due to the competition which made the Credit Societies. They finally broke in 1866, but left the bank in a very bad situation. Until the law of April 26, 1870 ordered its dissolution and liquidation.
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