Costa Rican peso Costa Rican peso The peso was the currency of Costa Rica between 1850 and 1896. It was initially subdivided into 8 "reales" and circulated alongside the earlier currency, the real, until 1864, when Costa Rica decimalized and the peso was subdivided into 100 "centavos". The peso was replaced by the colón at par in 1896 In 1850, silver coins were issued in denominations of , ⅛ and ¼ peso. In 1864, silver coins were introduced in denominations of 25 centavos and 1 peso. These were followed the next year by cupro-nickel ¼ and 1 centavos and silver 5, 10 and
History of Chinese currency further reform was instituted in August 1948 in response to hyperinflation. The Gold Yuan Certificate replaced the fabi at the rate of 1 gold yuan = 3 million yuan fabi = US$0.25. The gold yuan was nominally set at 0.22217 g of gold. However, the currency was never actually backed by gold and hyperinflation continued. Finally, in 1949, the Kuomintang again announced a reform with the introduction of the Silver Yuan Certificate, returning China to the silver standard. The silver yuan would be exchanged at 1 silver yuan = 100 million gold yuan, and was backed by silver dollars minted