Currency of Colombia or Décimos = 100 Centavos The Granadine Confederation ("Confederación Granadina") was proclaimed 1 April 1858, adopting a new constitution on 22 May. Its brief life under President Mariano Ospina Rodríguez ended in civil war (1860–1862). The Confederation issued Colombia's first postage stamps in August 1859 in denominations of 2½, 5, 10, and 20 centavos and 1 peso. Silver dated 1859–1862 (coins minted at Bogotá are denominated in décimos, those minted at Popayán in reales) .666 fine .900 fine Gold .900 fine, dated 1859–1862: Peso = 10 Décimos = 100 Centavos General Tomás Cipriano de Mosquera captured Bogotá on 18 June
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.