20 Pesos Oro Legal

Crédito Caucano was one of Colombia's regional private banks operating under the banking laws that permitted departmental institutions to issue their own currency. By 1919, many of these banks were already in their twilight — the Banco de la República, established in 1923, would consolidate note-issuing authority and effectively end private bank circulation. That Crédito Caucano was still printing notes four years before that consolidation, and commissioning them from the American Bank Note Company no less, suggests the bank remained a functioning commercial entity in the Cauca region.

The ABNC's involvement is worth noting — their work for Colombian provincial issuers was not unusual, but the production cost of sending an order to New York tells you something about the ambitions of even mid-tier regional institutions.