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
Japanese currency the issuance of convertible banknotes, a central bank, the Bank of Japan, was established in 1882. The bank would stabilize the currency by centralizing the issuance of convertible banknotes. The first central banknotes were issued by the Bank of Japan in 1885. They were called Daikokusatsu (大黒札), and were convertible in silver. Following the devaluation of silver, and the abandon of silver as a currency standard by Western powers, Japan adopted the gold standard through the Coinage Law of 1897. The yen was fixed at 0.75g of pure gold, and banknotes were issued which were convertible into gold. In 1899,