25 Pesos

Banco de Guatemala was one of several competing private banks of issue operating in Guatemala during the early twentieth century — a chaotic plural banking system that the government finally collapsed into a single state bank when the Banco Central de Guatemala was established in 1926. This note falls squarely in the terminal years of that arrangement, when confidence in private bank paper was already deteriorating under political and fiscal pressure.

American Bank Note Company handled production throughout the series, working from New York. ABNC's Guatemalan commissions from this period are reasonably well documented in their archive records, though precise print runs for individual denominations are not publicly established.