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5 Pesos El Banco Internacional de Guatemala

Issuer Banco Internacional de Guatemala
Year 1916
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Shape Rectangular
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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 description Central circular vignette engraved with a street-level view of the bank building, framed by a circular legend reading 'EL BANCO INTERNACIONAL DE GUATEMALA'. The numeral '5' appears in guilloché cartouches to the left and right, with elaborate geometric lathe-work filling the four corners and borders throughout. Printer's imprint appears at lower center in both Spanish and English: 'Waterlow & Sons, Limited, Londres, Inglaterra' and 'Waterlow & Sons, Limited, London Wall, London'.
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Comments

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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