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10 Lempiras

Issuer Banco Central de Honduras
Year 1970-1975
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Value 10 Lempiras
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Obverse lettering REPÚBLICA DE HONDURAS BANCO CENTRAL DE HONDURAS 10 DIEZ LEMPIRAS 22-XII-1972 CABAÑAS PRESIDENTE GERENTE MINISTRO DE HACIENDA American Bank Note Company
(Translation: Republic of Honduras Central Bank of Honduras 10 Ten lempiras 22-XII-1972 Cabañas President Manager Minister of Finance American Bank Note Company)
Reverse description Printed in brown, the reverse carries two principal vignettes: vestiges of a colonial-era furnace at left and the new Banco Central de Honduras building in Tegucigalpa at right, identified in catalog references as the Agualteca site. Denomination numerals and the bank title are arranged around the central design.
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Comments

The American Bank Note Company held a near-monopoly on Central American currency production through much of the twentieth century, and Honduras was no exception. This series ran across a five-year window during which the lempira maintained a fixed peg of 2:1 against the US dollar — a rate that had held since 1926 and would continue unbroken until 1990, one of the longest currency pegs in Latin American history.

Pick 57 notes from the early part of the 1970–1975 run are noticeably scarcer than later dates, reflecting lower print volumes before the regional economic disruptions of the mid-decade pushed circulation figures upward.

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