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20 Pesos Oro

Issuer Banco de la República
Year 1966-1983
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Reference(s) P#409
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Protection type Watermark
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Variants P#409a - 12.10.1966, 02.01.1969, 01.05.1972 & 01.05.1973
P#409b - 20.07.1974 with security thread
P#409c - 20.07.1974, 20.07.1975 & 20.07.1977 without security thread
P#409d - 01.04.1979, 01.01.1981, 01.01.1982 & 01.01.1983
Comments

The 20 Pesos Oro ran as a workhorse denomination through one of Colombia's more turbulent inflationary stretches. By the late 1970s, inflation was eroding purchasing power fast enough that the note's real value at end of series was a fraction of what it commanded at first issue — yet the Banco de la República kept printing rather than redesigning, resulting in a seventeen-year run with only minor typographic and security variations distinguishing early from late issues.

Collectors should pay attention to the printer imprints: the series spans work by both ABNC and the Imprenta de Billetes in Bogotá, and the paper quality shifts noticeably between sources.

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