1 Peso Plata

Colombia's Banco de la República issued this note during a period of acute monetary stress. The country had suspended the gold standard in 1931 under emergency legislation — earlier than most Latin American nations but in direct response to the global contraction following 1929. The "Plata" designation is the telling detail: it anchors the note's nominal value to silver rather than gold, a politically significant distinction at a moment when the government was navigating between creditor expectations and domestic liquidity demands.

The American Bank Note Company plate work for this series is characteristically fine, though ABNC's Colombian contracts from this period are less studied than their Argentine or Brazilian equivalents.