5 Pesos

The Estado Soberano de Cundinamarca — the sovereign state of Cundinamarca, not the central Colombian government — issued its own currency under the federalist structure of the Rionegro Constitution of 1863, which granted the nine states broad fiscal autonomy. That arrangement collapsed in 1886 when Rafael Núñez pushed through a centralizing constitution, abolishing the sovereign states entirely. Notes issued in 1884 fall right at the end of that federal experiment, making them among the last produced under Cundinamarca's independent monetary authority.

Local Bogotá printing rather than a foreign security printer is consistent with the series — and accounts for the relatively modest engraving quality documented across P#S177 survivors.