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
Gold standard can be removed. Commodity money retains its value despite what may happen to the monetary authority. After the fall of South Vietnam, many refugees carried their wealth to the West in gold after the national currency became worthless. Under commodity standards currency itself has no intrinsic value, but is accepted by traders because it can be redeemed any time for the equivalent specie. A US silver certificate, for example, could be redeemed for an actual piece of silver. Representative money and the gold standard protect citizens from hyperinflation and other abuses of monetary policy, as were seen in some countries