Product Description
El Banco Anglo Costarricence - Pick Special - 121r
1 Colon - Date: 23-6-1917 - Signature: Unsigned remainder
Description: Colour: Black, green. Front: President José Rafael de Gallegos y Alvarado. Back: Mercury.
Printer: American Banknote Company, New York. Size: 152 x 71 mm. - Material: Paper.
General information: The Banco Anglo Costarricense was a Costa Rican bank founded in 1863 with British and Costa Rican capital, as its name indicates, and closed after the financial disaster on September 14, 1994, by order of the government of José María Figueres Olsen. It was one of the oldest banks in the country, was created under the model of the Bank of England whose operation was studied by Costa Rican investors and for a long time was the most successful in the country.1 It was nationalized in 1949 along with all the banks under the government of José Figueres Ferrer and happens to become a state bank. In February 1987, the bank introduced the first ATM card in the country. Due to mishandling of funds and political corruption of the Board of Directors during the government of José María Figueres Olsen, the bank was officially closed by agreement of the Governing Council during the administration of José María Figueres Olsen, which was announced on national television by President Figueres, being the first time in history that a state bank went bankrupt. Thousands of bank workers were unemployd.
