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20 Bolívares

Issuer Banco de Maracaibo
Year 1917
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Value 20 Bolívares
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Reverse description The reverse is printed entirely in a brick-red or terra-cotta tone, composed of an elaborate engine-turned guilloche design filling the entire surface. Two large numeral '20' counters are set symmetrically within ornate lathe-work rosettes at the left and right, connected by a central medallion of intricate geometric interlacing patterns and floral micro-printing borders above and below.
Reverse lettering 20
20
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Comments

The Banco de Maracaibo was a regional commercial bank based in Zulia State, not a national institution, yet it held note-issuing privileges during the period when Venezuela's banking sector remained fragmented and decentralized. By 1917 that era was already ending — Caracas was steadily consolidating monetary authority, and privately issued provincial banknotes were being phased out across the country.

The American Bank Note Company contract likely reflects the bank's commercial ambitions and access to export revenues from the Maracaibo Basin's cattle and coffee trade, years before petroleum transformed the region's economy entirely.

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