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5 Balboas
| Issuer | Banco Central de Emisión de la República de Panamá |
|---|---|
| Year | 1941 |
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| Composition | Log in to see details |
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| Reference(s) | P#23 |
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|---|---|
| Obverse lettering | MONEDA FIDUCIARIA DE CURSO LEGAL CONSTE POR ESTE BILLETE QUE HAY DEPOSITADOS EN EL BANCO CENTRAL DE EMISION DE LA REPUBLICA DE PANAMA CINCO BALBOAS PAGADEROS AL PORTADOR A SOLICITUD |
| Reverse description | The reverse is engraved in dark blue on white paper, with the Panamanian coat of arms as a central vignette, surrounded by intricate guilloche lacework. The numeral 5 appears in each corner alongside the word CINCO in ornate cartouches at left and right, with the denomination CINCO BALBOAS lettered below the central arms. |
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| Comments |
Panama's Banco Central de Emisión had one of the shortest institutional lifespans in Latin American banking history — established and dissolved within 1941 itself, the victim of fierce political opposition and pressure from the National Assembly, which viewed the new central bank as a threat to the existing commercial banking arrangement. The notes it issued, including this 5 Balboas, were recalled almost immediately after issue, making the entire series genuinely scarce rather than artificially so.
HBNC printed this series under circumstances that gave it almost no circulation window at all. The bank's charter was revoked before the notes could penetrate ordinary commerce.