1 Peso

The Estado Soberano de Cundinamarca was one of nine sovereign states under Colombia's Rionegro Constitution of 1863 — a radically federalist arrangement that gave each state its own laws, army, and, crucially, its own right to issue currency. This note dates to the final years of that system. The Regeneración movement under Rafael Núñez was already dismantling federalism by the early 1880s, and the 1886 constitution would abolish the sovereign states entirely, rendering issues like this one constitutionally obsolete within two years of printing.

Local Bogotá printing at this period was technically modest compared to contemporary European bank note production, and the S176 series reflects that.