2 Colones

The Banco Internacional de Costa Rica was established in 1914 as a state institution following the government's absorption of the struggling Banco de Costa Rica — itself a reorganized remnant of earlier private banking failures. By the time this note entered circulation, the Banco Internacional held a dominant role in Costa Rican monetary affairs, issuing currency under government authority rather than as a private commercial enterprise.

American Bank Note Company produced the plates in New York, as they did for much of Central American paper currency in this period. The long issue window — spanning over a decade — means date varieties exist, and earlier-dated examples within the P#159 series tend to surface less frequently than those from the late 1920s runs.