Catalog
2 Pesos Oro
| Issuer | Banco de la República |
|---|---|
| Year | 1923 |
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| Currency | Peso decimalized (1847-date) |
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| Obverse description | Central intaglio vignette of Camilo Torres in three-quarter portrait, set within an oval frame flanked by guilloche rosettes bearing the numeral 2 on either side. The bank title 'El Banco de la República' appears in ornate script across the top, with 'BOGOTA, COLOMBIA' and the date '20 DE JULIO DE 1923' in the lower field. Signature lines for El Gerente and El Secretario are present below the central vignette, with 'DOS PESOS ORO' in a solid panel at the foot of the note. |
|---|---|
| Obverse lettering | El Banco de la República Pagará al Portador Dos Pesos Oro (Translation: The Bank of the Republic will Pay to the Bearer Two Pesos Oro) |
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| Comments |
Colombia's Banco de la República was established in July 1923, directly from the recommendations of the Kemmerer Mission — a U.S. financial advisory team brought in to restructure the country's monetary system after decades of chronic instability and the inflationary chaos left by the civil wars of the early twentieth century. This 2 Pesos Oro note is among the earliest issues the bank produced, printed by the American Bank Note Company almost immediately following the bank's founding.
The "Oro" designation was not decorative — it committed the note to a gold-convertibility standard, the cornerstone of Kemmerer's reform package.