Catalog
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| Issuer | El Banco de la Compañía de Crédito de Puerto Plata |
|---|---|
| Year | 1880 |
| Type | Log in to see details |
| Value | 2 Pesos |
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| Obverse description | Log in to see details |
|---|---|
| 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 Nº 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.) |
| Reverse description | Log in to see details |
| 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.