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50 Centavos Banco de la Compañia de Crédito de Puerto Plata
| Issuer | Banco de la Compañía de Crédito de Puerto Plata |
|---|---|
| Year | 1886 |
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| Composition | Log in to see details |
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| Reference(s) | P#S102 |
| Obverse description | Black intaglio print on blue and gold underprint, with a vignette of a seated indigenous woman known as 'La Hija de los Incas' at left. The central field is framed by fine guilloche work and bears the bank's title and promise-to-pay legend. Denomination numeral appears within an ornate counter. |
|---|---|
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| Reverse lettering | ESTE BILLETE SE ADMITE POR EL VALOR QUE REPRESENTA COMO MONEDA LEGAL, EN LAS OFICINAS FISCALES DEL CIBAO. (Translation: This banknote is admitted by the value that it represents as legal currency in the fiscal offices of the Cibao.) |
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| Comments |
The Banco de la Compañía de Crédito de Puerto Plata was one of several short-lived private banks chartered in the Dominican Republic during the 1880s, a period when the country had no central bank and commercial credit institutions filled the vacuum with their own fiduciary issues. Puerto Plata, as the republic's principal northern port, had enough merchant capital to sustain such an institution — briefly.
The American Bank Note Company printing credit places this squarely in the tier of regionally ambitious but financially fragile Caribbean issuers who contracted New York engravers to lend their notes an air of solvency the underlying institution couldn't always guarantee.