Catalog
5 Pesos Oro
| Issuer | Banco de la República |
|---|---|
| Year | 1923 |
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| Shape | Rectangular |
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| Obverse description | Oval intaglio portrait vignette of General José María Córdoba in military uniform at left, with the denomination numeral '5' repeated in each corner. Central panel carries the value inscription within an ornate guilloche framework, with the issuing bank's name in gothic script across the top. Date '20 de Julio de 1923' and place 'Bogota, Colombia' appear below the central vignette, with signature lines for El Gerente and El Secretario, and the imprint of the American Bank Note Company at the base. |
|---|---|
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| Reverse lettering | Banco de la Republica Bogota Colombia Cinco Pesos Oro (Translation: Bank of the Republic Bogota Colombia Five Pesos Oro) |
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| Comments |
Colombia's Banco de la República was established in 1923 under Law 25, part of a sweeping monetary reform engineered with the direct involvement of the Kemmerer Mission — a team of American financial advisors led by Princeton economist Edwin Kemmerer who restructured the central banking systems of multiple Latin American nations during the 1920s. This note is among the earliest issues of that new institution, printed by ABNC almost certainly as part of the founding order placed that same year.
The "Pesos Oro" denomination was a deliberate signal — Colombia had endured decades of monetary chaos following the Thousand Days War, including a hyperinflationary collapse of the old paper peso. The gold-backed designation was meant to restore credibility as much as to describe actual convertibility.