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2 Colones

Issuer Banco Internacional de Costa Rica
Year 1924-1929
Type Standard circulation banknote
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Obverse lettering 2
BANCO
INTERNACIONAL DE COSTA RICA
CAJA DE CONVERSIÓN
LA CAJA DE CONVERSIÓN PAGARÁ AL
PORTADOR Y A LA VISTA LA CANTIDAD DE
DOS COLONES
EN MONEDA ACUÑADA DE ORO DE LOS ESTADOS UNIDOS DE AMÉRICAM O EN LETRAS
DE CAMBIO A LA VISTA SOBRE NUEVA YORK A OPCION DEL ADMINISTRADOR, EN LA
RELACIÓN DE UN DOLAR POR CADA CUATRO COLONES.
Acuerdo No. 28
SAN JOSE, 5 de Febrero de 1929
EL SECRETARIO DE HACIENDA
EL DIRECTOR
AMERICAN BANK NOTE COMPANY.
(Translation: International Bank of Costa Rica. Conversion office. The Conversion office will pay the bearer on sight the amount of two colones, in minted gold coin of the United States of America, or in bills of exchange in New York at the option of the administrator, at the exchange rate of one dollar for every four colones. Agreement No. 28. San Jose, February 5, 1929. The Secretary of the Treasury. The Director.)
Reverse description Brown intaglio print on plain paper. A large central guilloche medallion contains a bold ornate numeral 2, flanked by matching numeral 2 counters at left and right within elaborate scrollwork frames. The bank name arcs across the top and the Caja de Conversión legend appears in a cartouche at the base.
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Comments

The Banco Internacional de Costa Rica was established by the government in 1914 as a state-controlled institution intended to break the dominance of private banks — particularly the Banco de Costa Rica — over currency issuance. By the mid-1920s it held a near-monopoly on official paper money, and this series reflects that consolidation. The American Bank Note Company's work for Central American issuers during this period was prolific enough that some plate elements were reused or adapted across neighboring republics, though the Costa Rican notes of this run were produced on distinct plates.

The 1924–1929 date range brackets a period of relative monetary stability before the Depression-era pressures that would eventually force Costa Rica off gold convertibility.

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