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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 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | P#S102 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | El Banco de la Compania de Credito de Puerto Plata Pagara al portador a presentacion cincuenta centavos en moneda corriente (Translation: The Bank of the Credit Company of Puerto Plata Will pay to the bearer on demand 50 cents in current currency) |
| Reverse description | Log in to see details |
| 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.