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Lovely Ladies With an Aeroplane Model From Costa Rica

Banco Internacional de Costa Rica was formed in 1917, and represented a consolidation of four earlier private banks that issued banknotes in Costa Rica. Early on the bank contracted with American Banknote Company to produce a colourul and attractive series of banknotes. This two colones note was first issued beginning in 1918 and this bank continued to issued paper money through 1936 when the note issuing privilege was revoked and transferred to Banco Nacional de Costa Rica. The vignette with the two feminine figures is representing science and industry, and this same vignette was also used on some Canadian and Mexican banknotes during this period. I really enjoy the depiction of the model aircraft - symbolising industry.

Another fascinating feature of the note is the redemption clause on the note, signifying that the note is redeemable in gold coin of the United States of America at a rate of four colones per dollar, or in lettres of credit at their office in New York City.

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