Waterlow & Sons printed this series for Honduras through the early 1950s, a period when the Banco Central — established only in 1950 — was still consolidating its sole right of note issue after absorbing the functions previously held by commercial banks. The 1 Lempira was among the first denominations issued entirely under the new central banking structure.
Waterlow's liquidation a decade later, following the celebrated Portuga forgery affair and subsequent legal collapse, makes attributing exact plate provenance within their Honduras contracts occasionally difficult for researchers working from production records alone.
Waterlow & Sons printed this series for Honduras through the early 1950s, a period when the Banco Central — established only in 1950 — was still consolidating its sole right of note issue after absorbing the functions previously held by commercial banks. The 1 Lempira was among the first denominations issued entirely under the new central banking structure.
Waterlow's liquidation a decade later, following the celebrated Portuga forgery affair and subsequent legal collapse, makes attributing exact plate provenance within their Honduras contracts occasionally difficult for researchers working from production records alone.