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120 Centésimos Banco de Santo Domingo
| Issuer | Banco de Santo Domingo |
|---|---|
| Year | 1858 |
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| Composition | Paper |
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| Obverse description | Central vignette shows a standing female figure flanked by two women washing clothes at a stream, the composition bisected by the issuer name. Face value of 120 appears in numerals at the upper corners and flanking the center, with the denomination also spelled out in full within the text body. Spaces for handwritten date and serial numbers are provided below the main text block, the serial number fields arranged along the lower margin. |
|---|---|
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| Reverse description | Reverse is blank, without printed design or lettering. |
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| Comments |
The Banco de Santo Domingo was established under Dominican law in 1858 — the same year this note was issued — making it the first formal banking institution in the country's history. The denomination itself, 120 centésimos, is an oddity: not a round unit, not a convenient fraction of the peso, and almost certainly a response to a specific coin shortage or exchange parity problem that made this precise value useful in daily settlement.
The bank's lifespan was short. It collapsed within years of opening, overwhelmed by political instability and the Spanish reannexation of 1861.