Catalog
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| Issuer | Banco Nacional |
|---|---|
| Year | 1899 |
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| Reference(s) | P#S619 |
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|---|---|
| Obverse lettering | BANCO DE BOGOTA DIEZ PESOS El Banco de Bogotá pagará al portador á la vista Bogotá de 187_ El Director 2° El Director Jeneral El Director 3° Serie Núm. |
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| Reverse lettering | ESTE BILLETE CIRCULA PROVISIONALMENTE COMO BILLETE DEL BANCO NACIONAL DE ACUERDO CON EL DECRETO NUMERO 5° DEL 20 DE OCTUBRE DE 1899. BOGOTÁ OCTUBRE 20 DE 1899. MINISTRO DEL TESORO MIEMBROS DE LA JUNTA DE EMISIÓN |
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| Comments |
Banco Nacional was one of several private banks of issue operating in Colombia during the late nineteenth century under government concession — not to be confused with the state-owned Banco Nacional de Colombia, which had its own turbulent history of forced-currency legislation in the 1880s and 1890s. The distinction matters for attribution, and catalog confusion between the two is not uncommon.
By 1899, Colombia was months away from the War of the Thousand Days, the devastating civil conflict that would run until 1902 and trigger a catastrophic hyperinflationary episode. Notes issued in this period had almost no stable economic environment to circulate in.