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5 Pesos El Banco Internacional de Guatemala

Issuer Banco Internacional de Guatemala
Year 1916
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Currency Peso, decimalized (1869-1925)
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Obverse description Central vignette of a hand holding eight flags, surrounded by intricate guilloche work and ornamental borders. Issued without counterfoil at left, Series 2, with corrected year. Similar in design to P#S154.
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Reverse lettering EL BANCO INTERNACIONAL DE GUATEMALA
Waterlow & Sons, Limited, Londres, Inglaterra
Waterlow & Sons, Limited, London Wall, London
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Banco Internacional de Guatemala was a private commercial bank operating under concession during the era when Guatemala had no central bank — monetary issuance was split among several competing private institutions, each printing their own circulating notes. The International Bank held its concession alongside rivals including the Banco de Occidente and the Banco Agrícola Hipotecario, a fragmented arrangement that persisted until the Banco Central de Guatemala was established in 1926 and private note issuance was brought to an end.

Waterlow & Sons produced the plates, as they did for much of Latin American private banking paper in this period. The S-prefix Pick reference indicates private bank issue status.

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