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10 Lempiras

Issuer Banco Central de Honduras
Year 1989
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Size 156 × 67 mm
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Obverse description Portrait of José Trinidad Cabañas at right, rendered in intaglio against a fine guilloche underprint in red and blue tones. The national arms of Honduras appears as a vignette at left, with the numeral '10' repeated in the corners. Date '21 de Septiembre de 1989' is printed across the upper portion beneath the bank title and 'REPUBLICA DE HONDURAS, C.A.'
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Protection description Cabañas portrait visible when held to light
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Comments

The P#70 series ran through the 1980s and into the early 1990s as Honduras navigated severe fiscal pressure — the country was among the most heavily indebted in Central America relative to GDP, and the Banco Central was managing chronic dollar shortages partly through tightly controlled domestic currency issuance. Thomas De La Rue had held the Honduran printing contract for decades by this point, a relationship that gave the series a consistency of physical quality that outlasted the economic turbulence surrounding it.

Watermark-only security on a De La Rue note of this period is notably light. By 1989, the firm was routinely incorporating security threads into comparable Latin American issues.

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