Catalog
50 Pesos Oro
| Issuer | Banco de la República |
|---|---|
| Year | 1923 |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | El Banco de la República Pagará al Portador Cincuenta Pesos Oro Bogotá, Colombia 20 de Julio de 1923 El Gerente / El Secretario (Translation: The Bank of the Republic Will Pay to the Bearer Fifty Pesos Oro / Bogotá, Colombia / 20 July 1923 / The Manager / The Secretary) |
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| Reverse lettering | Banco de la República Bogotá Colombia Cincuenta Pesos El Cajero (Translation: Bank of the Republic / Bogotá Colombia / Fifty Pesos / The Cashier) |
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| Comments |
The Banco de la República was established in July 1923 as Colombia's central bank, created in direct response to recommendations from the Kemmerer Mission — the U.S. financial advisory team led by Princeton economist Edwin Kemmerer that swept through Latin America restructuring monetary systems on the gold standard model. This note, printed by ABNC in New York, belongs to the bank's founding issue, meaning it was produced before the institution had completed even its first year of operation.
The choice of the American Bank Note Company was deliberate — Colombia had recently suffered through the chaotic paper emissions of the Guerra de los Mil Días period and needed a printer whose name alone signaled institutional credibility to a skeptical public.