50 Pesos

Banco de Cipaquirá was one of Colombia's short-lived provincial banks operating under the 1880 banking law, which briefly liberalized note issuance before the government reversed course. The bank served the Cipaquirá region north of Bogotá — an area whose economy ran heavily on salt extraction from the famous mines there — and its notes circulated in a tight geographic radius, which is precisely why survivors are rare.

Litografía de D. Paredes was a Bogotá commercial printer, not a specialist banknote house, and the production quality reflects that. Colombian provincial issues from this period frequently show uneven ink distribution and inconsistent plate pressure.