Currency of Colombia Notes of a new design appeared in 1888 for 10 centavos and 1, 5, 10, 50, and 100 pesos, with 25 and 1000 added in 1895. During the civil war the government issued 28 new Banco Nacional note types and overprinted about 48 different private banknotes for circulation. Copper-nickel coin dated 1886–1902 Silver .666 fine dated 1897 or 1902 Silver .500 fine dated 1887–1888 Silver .835 fine dated 1889–1908 Peso oro = 100 Centavos Conversion: 1 peso oro = 100 paper pesos The conversion of paper into gold began 18 May 1905, at 100 paper pesos for one gold peso,
History of Chinese currency system that was not backed by silver or gold. The currency issued by the Yuan was the world's first fiat currency, known as Chao. The Yuan government attempted to prohibit all transactions in or possession of silver or gold, which had to be turned over to the government. Inflation in 1260 caused the government to replace the existing paper currency with a new one in 1287, but inflation that resulted from undisciplined printing remained a problem for the Yuan court until the end of the Dynasty. The early Ming dynasty (, 1368–1644) also attempted to use paper currency in the