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5 Balboas
| Issuer | Banco Central de Emisión de la República de Panamá |
|---|---|
| Year | 1941 |
| Type | Log in to see details |
| Value | 5 Balboas (5 PAB) |
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| Composition | Log in to see details |
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| Obverse description | At left, a vignette of a statue of Urracá, the indigenous Cacique who led resistance against the Spanish conquistadors in present-day Panama until his death in 1531. The denomination and issuing authority appear in the surrounding text, with fine guilloche underprint work across the note face. |
|---|---|
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| Reverse lettering | REPUBLICA DE PANAMA CINCO BALBOAS CINCO |
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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 The bank's charter was revoked before the notes could penetrate ordinary commerce.