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50 Pesos Oro

Issuer Banco de la República
Year 1926-1928
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Value 50 Pesos (50 COP)
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Obverse lettering El Banco de la Republica Pagará al Portador Cincuenta Pesos Oro
(Translation: The Bank of the Republic Will pay to the Bearer Fifty Pesos Oro)
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Reverse lettering Banco de la Republica Bogota Colombia Cincuenta Pesos Oro
(Translation: Bank of the Republic Bogota Colombia Fifty Pesos Oro)
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Comments

Colombia's Banco de la República was only a few years old when this note entered circulation — the central bank had been established in 1923 as part of the Kemmerer Mission reforms, a sweeping financial reorganization pushed through by American economist Edwin Kemmerer. The early series of high-denomination notes was almost inevitably placed with ABNC in New York, the dominant supplier to Latin American central banks throughout the interwar period.

The "Pesos Oro" designation was deliberate policy: it tied the currency explicitly to gold convertibility, a commitment Colombia maintained until the Depression forced its hand in 1931.

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