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2 Pesos El Banco de La Compañia de Crédito de Puerto Plata

Issuer El Banco de la Compañía de Crédito de Puerto Plata
Year 1880
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Value 2 Pesos
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Obverse lettering 2 EL BANCO DE LA Compañía de Crédito
de PUERTO PLATA
PAGARÁ
al portador Á presentacion
DOS PESOS
EN MONEDA CORRIENTE
Série
E

016233
Puerto Plata _____188_
EL TESORERO EL PRESIDENTE
American Bank Note Co. N. Y.
(Translation: The Bank of the Credit Company of Puerto Plata will pay to the bearer on presentation two Pesos in current currency.
Puerto Plata ____ 188_
The Treasurer, the President.)
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Reverse lettering ESTE BILLETE SE
ADMITE POR EL VALOR QUE
REPRESENTA COMO MONEDA
LEGAL, EN LAS OFICINAS
FISCALES DEL CIBAO.
DIOS PATRIA LIBERTAD
AMERICAN BANK NOTE COMPANY, NEW YORK.
(Translation: This banknote is admitted by the value that it represents as legal currency in the Cibao fiscal offices.
God, Homeland, Freedom.)
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Comments

El Banco de la Compañía de Crédito de Puerto Plata was one of several short-lived private banks chartered in the Dominican Republic during the 1870s and 1880s, a period when the central government lacked both the infrastructure and the political stability to anchor a national currency. Puerto Plata, as the Republic's principal northern port, had enough commercial activity to support private note issue — at least in theory.

The American Bank Note Company held the contract, as it did for much of Latin American private banking paper of this period. Whether this note saw meaningful circulation before the bank's closure is unclear; Dominican private bank failures of this era were rapid and redemption rarely guaranteed.

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