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5 Lempiras

Issuer Banco de Honduras
Year 1932
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Value 5 Lempiras (5 HNL)
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Obverse lettering REPÚBLICA DE HONDURAS EL BANCO DE HONDURAS PAGARÁ AL PORTADOR EN MONEDA EFECTIVA 5 SÉRIE A TEGUCIGALPA, 11 DE FEBRERO DE 1932. CINCO LEMPIRAS
(Translation: Republic of Honduras The Bank of Honduras Pay to Bearer in currency Series A Tegucigalpa, February 11th., 1932. Five Lempiras)
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Reverse lettering BANCO DE HONDURAS 5 CINCO LEMPIRAS WATERLOW & SONS LIMITED LONDRES, INGLATERRA
(Translation: Bank of Honduras Five Lempiras Waterlow & Sons Limited London, England)
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Comments

Banco de Honduras — not to be confused with the later Banco Central de Honduras, established in 1950 — was a private commercial bank that held government-granted note-issuing privileges. By 1932, Honduras was deep in fiscal crisis, having defaulted on its British bonded debt decades earlier and never fully resolved it. The lempira itself had only been introduced in 1931, replacing the peso, which makes this among the earliest notes of the new currency unit.

Waterlow & Sons produced the plates to their usual high intaglio standard. The series was short-lived; the state would eventually consolidate issuing authority and retire private bank circulation entirely.

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