50 Pesos

Banco Nacional de la República de Colombia had a troubled existence — the institution was abolished in 1894 following a severe credibility crisis tied to unchecked note issuance, yet emergency wartime financing during the Thousand Days War (1899–1902) forced a de facto resurrection of state paper money. Notes from this period were produced locally rather than abroad, Otto Seco being one of the Bogotá printers pressed into service when importing engraved plates from Europe or North America was neither practical nor affordable.

Domestic printing quality from this period is noticeably inconsistent across surviving examples, a predictable consequence of wartime supply constraints on ink and specialized paper stock.