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500 Pesos

Issuer Banco Internacional de Guatemala
Year 1917-1926
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Currency Peso (1894-1926)
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Obverse lettering EL BANCO
INTERNACIONAL DE GUATEMALA
No 16312
Serie 2A
500
Pagará al portador
en moneda efectiva
Quinientos Pesos
Guatemala, Octubre 23 de 1920
DIRECTORES
GERENTE
AMERICAN BANK NOTE COMPANY NEW YORK
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Reverse lettering BANCO
INTERNACIONAL DE GUATEMALA.
500
AMERICAN BANK NOTE COMPANY NEW YORK
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Comments

The Banco Internacional de Guatemala was one of several private commercial banks operating under Guatemala's pluralist banking system before the state moved to consolidate monetary authority. That system collapsed in 1926 when President Lázaro Chacón's government forced the liquidation of the private issuing banks and transferred their functions to the newly chartered Banco Central de Guatemala — which almost certainly explains the terminal date on this series.

A 500 Pesos denomination from a Guatemalan private bank is not a note that saw much counter use. At that face value, circulation would have been confined almost entirely to large commercial settlements and interbank transfers. Survivors in any condition are genuinely uncommon.

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