The colón is sometimes referred to as the "peso", which was the name of the Costa Rican currency before the colón, until 1896. This is very common across Latin American countries, where most have (or had at some point) currencies called pesos. Another nickname is "caña" (Spanish for sugar cane, plural cañas) but this nickname is more often used in plural for amounts under 100 colones. For example: 5 cañas, 10 cañas, 20 cañas. This term has become less popular.