2 Pesos Oro

Colombia's Banco de la República issued this denomination through the mid-1970s against a backdrop of persistent inflationary pressure that was already making the 2-peso note practically marginal for everyday transactions. By the time the series closed, the note's purchasing power had eroded to the point where replacement with coins was the logical next step — the 2-peso coin was introduced in 1977, the same year this note stopped being printed.

The "Oro" qualifier in the denomination title is a holdover from Colombia's 1931 monetary reform, when the peso was formally decoupled from gold — the name persisted on paper long after it meant anything metallically.