100 Pesos

Banco de Honduras was a private commercial bank operating under Honduran government concession, not a central bank — its notes circulated as the functional currency of the republic at a time when Honduras had no state-issued paper money. The American Bank Note Company in New York handled the printing for much of Latin American private banking paper in this period, and Honduras was well within that orbit.

By 1889 the denomination was already ambitious given Honduras's monetary instability. The republic had struggled with near-constant fiscal crisis through the 1880s, driven partly by defaulted British railway loans. A 100 Peso note would have represented serious purchasing power, and high-denomination issues from distressed economies of this era frequently sat unissued in bank vaults rather than passing through commercial hands.