5 Pesos

Banco de Oriente was one of several regional Colombian banks chartered under the 1880 banking law, which allowed private institutions to issue their own currency — a decentralized arrangement that persisted until the Banco de la República absorbed that function in 1923. The American Bank Note Company in New York supplied engraved notes to dozens of Latin American issuers during this period, often recycling plate elements across clients to reduce costs.

P#S698 falls under the Banco de Oriente's private emission series, and the relatively long issue window — sixteen years — suggests the plates saw extended use rather than periodic redesign.