100 Bolívares

The Banco de Venezuela was a private commercial bank operating under government concession, not a central bank — Venezuela would not establish the Banco Central until 1939. Notes like this one circulated alongside issues from competing concession banks, which created a genuinely fragmented monetary environment in early twentieth-century Venezuela. The American Bank Note Company handled the printing work in New York, as it did for the majority of Latin American commercial bank issues of this period.

The S-prefix in the Pick reference reflects its classification as a private commercial bank issue rather than a government emission — a distinction that matters for collectors more than it ever did for the Venezuelan public spending it.