Currency of Colombia exchange. The notes were never issued (proofs are known). Copper coin dated 1847–1848 The copper coins were rejected by the public, who immediately exchanged them for silver, so they were recalled and melted down. Silver coin dated 1847–1853 .666 fine .900 fine Gold coin .900 fine dated 1848–1853 New machinery for the mints of Bogotá and Popoyán arrived in 1848 and the first gold coins conforming to the 1846 law were put into circulation on 14 February 1849. Peso (Granadino) = 10 Décimos = 100 Centavos (silver) Cóndor = 10 Pesos (gold) The monetary law of 30 May 1853 abolished
Currency 5 khoums, while the Malagasy ariary is theoretically divided into 5 iraimbilanja. In these countries, words like "dollar" or "pound" "were simply names for given weights of gold." Due to inflation khoums and iraimbilanja have in practice fallen into disuse. (See non-decimal currencies for other historic currencies with non-decimal divisions.) Convertibility of a currency determines the ability of an individual, corporate or government to convert its local currency to another currency or vice versa with or without central bank/government intervention. Based on the above restrictions or free and readily conversion features, currencies are classified as: In economics, a local currency