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,
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