2 Pesos Oro

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.