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 of Colombia to establish Banco Nacional, which began operations in January 1881. A decree of 24 March 1885 authorized coins of nickel and 0.500 silver, and authorized Banco Nacional to issue notes for 10 & 20 centavos. The cost of the civil war of 1885 was covered by paper money, circulation increasing by 89%. Banco Nacional was unable to cover its notes in gold coin, but the Government compromised on suspension by paying notes in silver with the funds received from negotiating the Panama Canal. "El Banco Nacional de los Estados Unidos de Colombia" was responsible for the national note issue 1880–1885.