1905–1909
Banco Central de Colombia
Reyes, postwar stabilization, and a short-lived bank of issue.
To stabilize the economy after the war, Rafael Reyes’s government created the Banco Central de Colombia in 1905 — Decree 47 of 6 March; the Assembly approved it days later — with issue, giro, and deposit functions in the line of the Nacional. It was short-lived: after Reyes fell, Carlos E. Restrepo’s government revoked its exclusive right of issue in 1909 and organized the Conversion Board. Hernández and Meisel place the end of its role as issuer there; as a private bank it survived until the Banco de Bogotá absorbed it in 1928. It is not the Banco de la República of 1923.
This case does not yet publish an example; the chapter is historical framing.
Sources
- Banrepcultural Encyclopedia — Paper money in Colombia (opens in a new tab)
Free banking, Regeneración, Banco Nacional, the 1905 Banco Central, the Kemmerer Mission, and the 1931 end of convertibility.
- Banrepcultural Encyclopedia — Financing independence (opens in a new tab)
Records the 1813 Cartagena 1-real signed by Gutiérrez de Piñeres. Hernández (8th ed., 2023) lists a 2-reales of 1812 printed at Mompós first.
- Banco de la República — History of the Bank (opens in a new tab)
Law 25 of 1923, mixed capital, monopoly of issue, and the early opening on 23 July; the museum booklet details the weekend overstamp of Medellín certificates.
- Banco de la República — 1973 reform (opens in a new tab)
Law 7 and Decree 2617: the state acquired nearly all private shares.
- Banco de la República — 60 years of the Imprenta de Billetes (opens in a new tab)
23 October 1959; first job: the blue 1-peso printed in Bogotá. The 5-peso of 1961–1981 carries the walls of Cartagena.
- Banco de la República — Background, evolution, and structure (Meisel et al.) (opens in a new tab)
The 1886 fiat standard, Law 70 of 1894, Reyes’s Banco Central, the Kemmerer Mission, and the 1923 opening.
- Adolfo Meisel Roca — Background to the Banco de la República, 1904–1922 (opens in a new tab)
Postwar stabilization, projects for a bank of issue, and the setting in which Reyes created the Banco Central.
- Historical evolution of the Banco de la República (SciELO; citing Hernández, 2001) (opens in a new tab)
The 1905 Banco Central as a bank of issue; in 1909 its privilege was suspended and it became a private bank.
- HiSTOReLo — Núñez, Caro, and the Banco Nacional (1886–1903) (opens in a new tab)
Decree 104 and Law 87 of 1886 (fiat monetary unit); Law 70 of 1894 and closure in 1896.
- Pedro Pablo Hernández — Coins and Banknotes of Colombia, 8th ed. 2023 (Numista L100183) (opens in a new tab)
8th-ed. Cód. numbers (ISBN 978-958-49-7741-0): independence paper at Mompós, Gran Colombia drafts, the 1909–1923 Conversion Board (the 1915 ABNC edition and 1922 bonds), free banking, and Banco de la República notes through 2023 (Un Peso Oro Cód. 45–81). Prices and plates are not published here. Numista’s older H# (91, 95, 96, 199/201) are not replaced by 2023 Cód. numbers.
- Astrid Romero — La Regeneración and the Banco Nacional (1991) (opens in a new tab)
Established in 1881; forced tender from 1886; final liquidation in 1896.
- Banco de Bogotá — Our Bank (opens in a new tab)
Founded 15 November 1870; the country’s first commercial bank.
- Portafolio — The Banco de Bogotá was born with the right to issue notes (opens in a new tab)
15 November 1870; statutes: bearer notes in proportion to metal in the till.
- Banrepcultural Encyclopedia — Money issue (opens in a new tab)
Forced tender, the Thousand Days’ War, the 1909 Conversion Board, the exchange of the 1904 edition for the American 1915 notes, and Banco Nacional paper still circulating in the 1910s.
- El Espectador — Twenty-five years after the “robo del siglo” (2019) (opens in a new tab)
Valledupar, 16–17 October 1994; some 24.072 billion pesos; exchange and redesign of the 2,000, 5,000, and 10,000 in 1995–1996.
- Banco de la República — Press release: new banknote family (25 September 2015) (opens in a new tab)
The 2016 family (2,000 to 100,000): biodiversity, culture, and the homage to Gabriel García Márquez.
- Banrepcultural — The new Colombian banknote family (opens in a new tab)
Theme of each denomination: landscapes, indigenous cultures, and figures of culture, science, and politics.
- Banrepcultural — Casa de Moneda Museum (opens in a new tab)
1996 permanent exhibition: 1923 provisionals, 1932 pesos plata, wartime cut ½-peso notes, and the Imprenta’s first note.
- Bank Note Museum — Colombia (states, Republic, and Banco de la República) (opens in a new tab)
- Bank Note Museum — Colombia, Banco de la República (opens in a new tab)
Pick index: 1923 provisionals, pesos oro, and the 1959 series (P-404).