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20 Centavos
| Issuer | Banco Nacional de la República de Colombia |
|---|---|
| Year | 1900 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse description | Blue note with no pictorial vignette. Face value in numerals and words appears at left, with the denomination repeated in four horizontal rows at lower right. The issuer title is placed at upper right, a blue series letter at center, red serial numbers at upper right, and a cashier's manuscript signature at center right overlaid with a red official seal. |
| Reverse lettering | VEINTE 20 CENTAVOS CENTAVOS SERIE Z EL BANCO NACIONAL DE LA REPUBLICA DE COLOMBIA EL CAJERO (Translation: Twenty 20 Cents Series Z The National Bank of the Republic of Colombia The cashier) |
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| Comments |
The Banco Nacional de la República de Colombia had a turbulent final chapter. Established in 1881 under Rafael Núñez's financial reforms, the bank issued inconvertible paper currency that fueled chronic inflation through the 1880s and 1890s. By 1894 it had effectively lost public confidence, and the War of the Thousand Days — beginning in 1899 — pushed the monetary system into near-collapse. Notes from 1900 were printed in enormous quantities to finance government forces, driving exchange rates into absurdity.
The bank was liquidated in 1904. Most fractional notes from this period survived in quantity precisely because their purchasing power evaporated before they could be spent.