1 Peso

The Banco Nacional de la República de Colombia had a troubled final chapter. Founded in 1881 under the Rionegro-era liberal government, it became a flashpoint during the Thousand Days War (1899–1902), when the government printed currency on a massive scale to fund military operations. Inflation rendered most of its later emissions nearly worthless before the bank was formally liquidated in 1904 and replaced by the Banco Central.

Printed domestically by the Litografía Nacional in Bogotá, this note is one of the few Colombian issues of the period not contracted abroad — most earlier emissions went to the American Bank Note Company. That domestic production reflects both wartime circumstance and the practical impossibility of transatlantic contracting under blockade conditions.