Currency of Colombia Colombia" to issue legal tender notes, with a minimum denomination of 5 pesos. Peso = 10 Décimos = 100 Centavos Cóndor = 10 pesos (gold or silver) By decree of 2 May 1867 President Mosquera made Treasury notes a forced tender, making them equivalent to a national monetary unit. On 12 June he further decreed the obligatory acceptance in public and private transactions of all coins .900, .835, and .666 fine minted by the former Republic of Colombia and by New Granada. The monetary law of 24 October 1867 annulled all previous monetary legislation and defined the national coinage as
Currency of Colombia Currency of Colombia Currency in Colombia has been used since 1622. It was in that year, under a licence purchased from King Philip III of Spain, that Turrillo de Yebra established a mint at Santa Fe de Bogotá and a branch mint at Cartagena de las Indias, where gold cobs were produced as part of Colombia's first currency. Silver milled coins date from 1627. In 1831, Gran Colombia dissolved into Venezuela and New Granada. In 1836, in New Granada, new monetary laws were passed, to standardise the money produced in the country. From 1861-1862, due to financial instability, the United