Currency of Colombia that the bank no longer existed). The period 1899–1903 witnessed revolution, civil war (the Thousand Days War of 1899–1902), inflation, and depreciation. There were numerous note issues of various kinds. Then calm slowly returned. A law of 25 October 1903 prohibited new paper money issues, permitted payment in gold to be stipulated in contracts, and reintroduced the gold peso ("peso oro"), equal to 100 paper pesos, effective 1 January 1904. Outstanding notes were absorbed by auction sales of gold. "El Banco Nacional de la República de Colombia" issued notes in 1886 for 50 centavos and 1, 5, and 10 pesos.
Currency of Colombia fine, weighing 25.806 g. Granadino = 10 Reales = 100 Centavos The monetary law of 27 April 1847 adopted the decimal system and authorized silver coins of France, Belgium, and Sardinia to circulate at two reales per franc (the rate at which tax offices would receive them). It also provided for a silver coin of 10 reales, the "granadino", and equivalent to the French écu (5 francs). Minting of .666 fine silver finally ceased in 1847, save for the cuartillo (1/4 real) authorized on 30 March 1849. Moreover, Mosquera's efforts to withdraw the macuquina succeeded, and by 1 January 1849