Catalog
50 Pesos Oro
| Issuer | Banco de la República |
|---|---|
| Year | 1980-1983 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Peso decimalized (1847-date) |
| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 50 EL BANCO DE LA REPUBLICA COLOMBIA PAGARA AL PORTADOR CINCUENTA PESOS ORO BOGOTA 1o DE ENERO DE 1983 GERENTE SECRETARIO CAMILO TORRES (Translation: 50 The Bank of the Republic Colombia Will pay the bearer Fifty Pesos of gold Bogotá, 1st of January of 1983 Manager Secretary Camilo Torres) |
| Reverse description | Log in to see details |
| Reverse lettering | CINCUENTA PESOS ORO LIBERTAD Y ORDEN 50 ORQUIDEAS COLOMBIANAS (Translation: Fifty pesos of gold Liberty and order 50 Colombian Orchids) |
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| Comments |
The Banco de la República's 50 Pesos Oro notes of this period were printed by Thomas De La Rue through a long-standing contract relationship that had supplied Colombia with engraved currency since the mid-twentieth century. De La Rue's intaglio work on Colombian issues from this era is generally considered cleaner than the parallel output from IBMC, the domestic security printer Bogotá was increasingly relying on for lower denominations.
Inflation was eroding the 50 Pesos Oro's purchasing power rapidly during these years — by 1983, Colombia's annual inflation rate exceeded 20%, and the denomination was already feeling marginal in daily transactions. The series was retired not long after.