40 Bolívares

The Banco de Maracaibo was a regional commercial bank, not a central bank, operating under concession from the Venezuelan government at a time when note-issuing rights were still distributed among several private institutions. By 1909, that arrangement was already under pressure — Caracas had been moving fitfully toward centralizing monetary authority for years, and most regional banks lost their circulation privileges within the following decade.

ABNC printed for dozens of Latin American issuers during this period, and the denomination itself — 40 bolívares — is an odd one, suggesting this may have filled a specific transactional gap in Maracaibo's commercial economy rather than fitting a tidy series progression.