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20 Lempiras

Issuer Banco Central de Honduras
Year 1951-1953
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Shape Rectangular
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Obverse lettering REPÚBLICA DE HONDURAS EL BANCO CENTRAL DE HONDURAS PAGARÁ AL PORTADOR A SU PRESENTACIÓN 20 VEINTE LEMPIRAS 21 DE MARZO DE 1952 WATERLOW & SONS LIMITED, LONDRES
(Translation: Republic of Honduras The Central Bank of Honduras Will pay to the Bearer upon presentation Twenty Lempiras March 21st., 1952)
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Protection description a portrait or pattern visible when held to light, in the unprinted area of the note.
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Comments

Waterlow & Sons held the Honduran printing contract through this period, producing a series that predates the more familiar ABNC-printed issues that would follow later in the decade. The Banco Central de Honduras had only been established in 1950, replacing the earlier Banco Central de Honduras y Emisión, so notes of this P#48 series belong to the very first years of the reconstituted central bank's operation — a short window before new security specifications prompted a redesign.

Watermark authentication was the primary security measure, modest even by early 1950s standards. Waterlow itself ceased operations in 1961 following a prolonged decline after the Gustavus Bogle forgery scandal of 1956.

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