Currency of Colombia and South América Bank" was established in 1864 and was granted the right of issue in 1865. Silver coin of the 1863 standard .666 fine .900 fine Silver coin of the modified 1867 standard .666 fine .835 fine Gold coin .900 fine dated 1862–1878 Peso = 100 Centavos The monetary law of 9 June 1871 put the currency on the silver standard of the Latin Monetary Union system, the Colombian peso of 22.500 g fine silver being equal to 5 francs. It prohibited minting of coin .666 fine. Medios and cuartillos were to be minted .835 fine and the half
Currency of Colombia Currency of Colombia Currency in Colombia has been used since 1622. It was in that year, under a licence purchased from King Philip III of Spain, that Turrillo de Yebra established a mint at Santa Fe de Bogotá and a branch mint at Cartagena de las Indias, where gold cobs were produced as part of Colombia's first currency. Silver milled coins date from 1627. In 1831, Gran Colombia dissolved into Venezuela and New Granada. In 1836, in New Granada, new monetary laws were passed, to standardise the money produced in the country. From 1861-1862, due to financial instability, the United