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20 Pesos
| Issuer | Banco Industrial, Cartagena |
|---|---|
| Year | 1905 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | EL BANCO INDUSTRIAL CARTAGENA - COLOMBIA PAGARA AL PORTADOR VEINTE PESOS ORO LEGAL SERIE B 20 EL PRESIDENTE EL GERENTE EL SECRETARIO AMERICAN BANK NOTE COMPANY |
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| Reverse lettering | CONTRATO CELEBRADO ENTRE EL GOBIERNO NACIONAL Y EL BANCO INDUSTRIAL EL 18 DE MAYO DE 1918 GANA INTERESES AL 4% ANUAL, PAGADEROS POR ANUALIDADES VENCIDAS A PARTIR DE LA FECHA DE SU EMISION AMORTIZABLE PERIODICAMENTE, POR SORTEOS, DE CONFORMIDAD CON EL ART. 7 DE LA LEY 108 DE 1919 Y LAS ESTIPULACIONES DEL CONTRATO ENTRE EL GOBIERNO NACIONAL Y EL BANCO INDUSTRIAL LEY 24 DE 1905 (17 DE ABRIL) AMERICAN BANK NOTE COMPANY |
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| Comments |
Banco Industrial was a short-lived regional institution operating out of Cartagena during Colombia's post-Thousand Days War reconstruction period, when the country was attempting to stabilize a banking sector that had been gutted by wartime hyperinflation and the forced loan policies of the Regeneration government. The American Bank Note Company contract for this series reflects a deliberate effort to signal creditworthiness through association with an internationally recognized security printer — provincial Colombian banks of this period frequently could not attract depositor confidence on their own name alone.
The P#S558 classification places this firmly in the Société range for Colombian private bank issues, suggesting surviving examples are genuinely scarce.