Honduran peso 5, 10, 25 and 50 centavos and gold 1 peso coins were introduced that in 1871 following decimalization. Bronze 1 centavo coins were introduced in 1878, with bronze 2 centavos and silver 1 pesos added in 1881. Gold 5, 10 and 20 pesos coins were introduced between 1883 and 1889. In 1886, the Aguan Navigation and Improvement Company issued its first paper money. The Banco Centro-Americano began note production in 1888, followed by the Honduran government in 1889, with several more banks issuing notes later. Denominations ranged between 50 centavos and 100 pesos. Honduran peso The peso was the currency
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.