Currency of Colombia which time most gold coin had been exported. Silver coin dated 1853–1858 .666 fine .900 fine Gold coin .900 fine dated 1853–1857 Peso = 10 Décimos = 100 Centavos A law of 30 June 1857, and decree of 23 July 1857, adopted the silver peso - 25.000 g, .900 fine (identical to the "granadino" in weight, type, and form) - as the monetary unit. Sub-multiples were the dos décimos (5.000 g) and décimo (2.500 g), both .900 fine, and the cuarto de décimo, .666 fine. Gold coins would be the peso, escudo, doblón, cóndor, and doble cóndor (onza). This was
Gold standard can be removed. Commodity money retains its value despite what may happen to the monetary authority. After the fall of South Vietnam, many refugees carried their wealth to the West in gold after the national currency became worthless. Under commodity standards currency itself has no intrinsic value, but is accepted by traders because it can be redeemed any time for the equivalent specie. A US silver certificate, for example, could be redeemed for an actual piece of silver. Representative money and the gold standard protect citizens from hyperinflation and other abuses of monetary policy, as were seen in some countries