Currency of Colombia In 1881 it released notes for 1, 5, 10, 20, 50, and 100 pesos payable in current coin (moneda corriente). Notes for 20 and 50 centavos appeared in 1882, and new designs for 10 and 20 centavos and 1, 50, and 100 pesos in 1885. Silver .500 fine, 1885–1886 Gold .666 fine, 1885–1886 Decree 104 of 19 January 1886 adopted as the monetary unit the one peso note of Banco Nacional, effective 1 May. Decree 448 of 2 August 1886 equated the peso note ("billete de a peso") of Banco Nacional to silver coin .835 fine. The United States of
Gold standard Congress on March 3, 1903. Around the same time Mexico and Japan pegged their currencies to the dollar. When Siam adopted a gold exchange standard in 1908, only China and Hong Kong remained on the silver standard. When adopting the gold standard, many European nations changed the name of their currency, for instance from Daler (Sweden and Denmark) or Gulden (Austria-Hungary) to Crown, since the former names were traditionally associated with silver coins and the latter with gold coins. Governments with insufficient tax revenue suspended convertibility repeatedly in the 19th century. The real test, however, came in the form of