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50 Centavos Oro Legal = 2 Shillings Moneda Inglesa
| Issuer | Banco de Colombia |
|---|---|
| Year | 1918 |
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| Shape | Rectangular |
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| Obverse description | Green intaglio print on cream paper with guilloche border. Central text panel carries the bank title in a banner and denomination inscription, with two oval $0.50 ORO counters at upper left and right. Three manuscript signatures appear at foot, with a handwritten date line reading Bogotá, September 1918. |
|---|---|
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| Reverse lettering | Contrato celebrado entre el Gobierno Nacional y el Banco de Colombia el 8 de Febrero de 1912 Cláusula 3a POR $0.50 ORO DE COLOMBIA |
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| Comments |
The dual-denomination format on this note — Colombian centavos on one side of the equation, British shillings on the other — reflects the commercial realities of Colombia's Caribbean coastal trade in the early twentieth century, where Sterling remained the practical reference currency for merchants doing business with British-controlled ports in the region. It was not a conversion guarantee; it was a convenience for a dual-currency commercial world.
The Banco de Colombia, established in Medellín in 1875, was one of the private regional banks operating under the 1905 framework that briefly permitted note issuance before the Banco de la República absorbed those privileges in 1923.