1 Peso / 1 Dollar

The Banco Nacional de Santo Domingo was a concession bank operating under Dominican state authorization but with significant foreign — primarily American — capital behind it. Its notes circulated during a period of extreme fiscal instability; the Dominican Republic had been operating under U.S. customs receivership since 1905, a direct consequence of chronic debt default. The bilingual denomination — Peso on one face, Dollar on the other — reflects the practical reality of a dollarizing economy where American financial influence had already penetrated daily commerce well before the formal U.S. military occupation of 1916.

ABNC printed on security paper with serial numbering applied in New York.