The Costa Rican Colon (named after Admiral Cristóbal Colón) is the official currency in Costa Rica. During the colonial era, Spanish currency circulated, and from Costa Rican independence in 1821, the usual currency was first the real and then the peso. Starting in 1896, the “Gold Heel” law was enacted, establishing the Colon as a monetary unit, replacing the peso. In 1950 the Central Bank of Costa Rica was established and, from 1951, began issuing provisional banknotes in denominations of 5, 10, 20, 50, 100 colones. Then in 1958, started the second issue of 500, 1000, 2000, 5000, and 100000 colones.
Currently, are circulating banknotes in denominations of 1,000, 2,000, 5,000, 10,000, 20,000 and 50,000 Costa Rican colones.
The 50000 Colones note front design features Ricardo Jimenez Oreamuno (1887 – 1945), who was the 19th, 25th, 27th President of Costa Rica. The reverse note side has a Cloud forest image – parasol mushroom, Bromelia flower, Morpho butterfly. This note is part of the 2009 – 2015 series and, its color is Purple and multicolor.
Text: “50000 Colones” Banco Central De Costa Rica. BCCR,Ricardo Jimenez Oreamuno. 50Mil Colones.Estado de Costa Rica, Gerente, Presidente.Serie A,Bosque Nuboso,Mariposa (Papilionoidea),Parasol (Macrolepiota procera), Bromelia (Bromeliads).BCCR, 50000