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5 Pesos

Issuer Banco Nacional de Honduras
Year 1908
Type Standard circulation banknote
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Obverse lettering AMERICA CENTRAL
EL BANCO NACIONAL DE HONDURAS
PAGARA AL PORTADOR A LA VISTA
Y EN MONEDA EFECTIVA
5 CINCO PESOS 5
TEGUCIGALPA
CINCO PESOS
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Reverse lettering EL BANCO NACIONAL DE HONDURAS
5 CINCO 5
CINCO PESOS
AMERICAN BANK NOTE COMPANY, NEW YORK
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Comments

The Banco Nacional de Honduras was the country's sole bank of issue from its founding in 1889 until it lost its concession in the early 1910s, a period marked by chronic government borrowing against future customs revenues. This note falls squarely in that troubled interval — the bank's relationship with the state was less that of a central bank than a creditor perpetually renegotiating terms.

ABNC printed the series in New York on contracts typical of their Latin American work of the period. Honduras notes from this bank are genuinely scarce in any condition; the country's small monetary economy, combined with the bank's short operating window, kept circulation volumes low and survival rates lower.

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