100 Pesos

Colombia's early Republican-era notes were plagued by the aftermath of the Thousand Days War (1899–1902), which had left the country's finances in ruins and its monetary system flooded with depreciated paper. This 100 Pesos issue came at a moment when the government was attempting to reassert some semblance of fiscal credibility, though hyperinflation had so eroded public trust that paper currency remained deeply unpopular in many regions.

Waterlow & Sons handled a significant portion of Latin American government printing during this period, and their Colombian commissions were among the more politically sensitive — the same presses that produced stable British colonial notes were simultaneously turning out currency for a republic still struggling to stabilize its exchange rate against gold.