50 Pesos

Banco de Cartagena was one of the private regional banks authorized under Colombia's 1880s banking legislation, which permitted local commercial banks to issue their own notes — a system that survived until the Reyes administration began dismantling it after 1904. The 50 Pesos denomination would have represented serious purchasing power in coastal Colombia at the turn of the century, more a commercial instrument than everyday currency.

The bank's Cartagena base made it part of an Atlantic-coast commercial network distinct from the Bogotá-centered highland economy, and its notes circulated primarily among merchants tied to Caribbean trade.