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1 Peso Oro Legal = 4 Shillings Moneda Inglesa
| Issuer | Banco de Colombia |
|---|---|
| Year | 1919 |
| Type | Standard circulation banknote |
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| Obverse description | Blue and red bicolour note with a central vignette of an eagle with spread wings perched above a shield, with the legends LIBERTAD and Y ORDEN on ribbons. Two blue guilloche ovals at left and right each bear the value POR $1.00. The issuer name EL BANCO DE COLOMBIA and PAGARA AL PORTADOR appear in a central band, with UN PESO EN ORO LEGAL and the English equivalent inscription below. |
|---|---|
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| Reverse description | Printed entirely in blue, the reverse carries dense legal text in Spanish referencing the contract between the Gobierno Nacional and Banco de Colombia of 6 February 1912 and Ley 24 de 1905. Two guilloche ovals inscribed POR $1.00 flank the central text panel. An ornate guilloche border frames the entire note, with BANCO at top and DE COLOMBIA at bottom in decorative lettering. |
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| Comments |
The Banco de Colombia was a private commercial bank, not a central bank — Colombia had no central bank until the Banco de la República was established in 1923. Notes like this one were issued under a concession system in which chartered private banks supplied the country's circulating currency, a practice that made denominations quoted against foreign monetary units entirely practical given the volume of trade passing through Bogotá and the coastal ports.
The dual-denomination format — peso oro legal alongside its sterling equivalent — reflects the persistent role of British commercial capital in Colombian finance during this period, particularly in coffee export circuits.