20 Lempiras

Banco Atlántida was a private commercial bank operating out of Tela and La Ceiba — Honduras's north coast banana economy, not the capital — and its concession to issue currency reflects how fragmented Honduran monetary authority remained well into the 1930s. The American Bank Note Company handled nearly all of Central America's quasi-official private bank paper during this period, and the production quality was typically well ahead of anything the Honduran government itself could commission.

S-prefix Pick numbers indicate quasi-postal or private issue status. By 1932, these notes were already operating on borrowed time — Honduras moved toward centralized issuance under the Banco Central shortly after, ending the era of privately circulating bank paper.