2 Pesos Oro

Colombia's paper currency in this period was issued under persistent fiscal strain — the country had barely recovered from the Thousand Days War (1899–1902), which had devastated public finances and triggered a catastrophic hyperinflation that wiped out the earlier peso papel moneda system. The 1907 monetary reform introduced the peso oro as a theoretically gold-backed unit, though convertibility remained largely nominal in practice.

ABNC held long-term contracts with the Colombian government across multiple denominations during this period, and the P#322 series was part of that broader relationship. Colombian notes of this era are frequently found with cancellation punches or manuscript annotations, applied by provincial treasury offices during the chaotic reissue cycles of the 1910s.