1909–1923
Conversion Board
Retire Regeneración paper and introduce the American 1915 edition.
After Reyes’s Banco Central, Carlos E. Restrepo’s government created the Conversion Board in 1909 to retire the depreciated paper mass and, as far as possible, replace it with gold and backed notes. Hernández (8th ed., 2023) places that task beside state revenues; the First World War interrupted the plan and the government seized the Board’s metal. What did circulate was the exchange of the English 1904 edition — Waterlow & Sons, the so-called Próceres — for the American Bank Note Company edition. The issue dated 20 July 1915 stands out: 1 peso, 2 pesos (Antonio Nariño), 5 pesos (José María Córdova), and 10 pesos (Francisco de Paula Santander). Hernández also records 50- and 100-peso notes of August 1910. Some of those types remained accepted — sometimes overstamped — in the early years of the Banco de la República. In 1922 the same Board — Law 5, Decree 165, and deed 206 at Bogotá’s Third Notary — was authorized to issue and retire two treasury bonds overstamped on the back, before the 1923 institute opened. This case does not yet publish an example of that issue; the chapter is historical framing.
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).