Nicaraguan peso 1898 and 1899, cupro-nickel 5 centavos coins were issued. These were the last coins of this currency to be minted. From 1881, the National Treasury issued notes in denominations of 1, 5, 25, 50 and 100 pesos. 10, 20 and 50 centavos notes were added in 1885, followed by 10 pesos notes in 1894. Nicaraguan peso The peso was the currency of Nicaragua between 1878 and 1912. It was Nicaragua's first national currency, replacing the Central American Republic real and that of neighbouring states. It was subdivided into 100 "centavos" and when it was introduced, it was worth 8 reales,
Gold standard to Congress the value of a decimal system. This system would also apply to monies in the United States. The question was what type of standard: gold, silver or both. The United States adopted a silver standard based on the Spanish milled dollar in 1785. From 1860 to 1871 various attempts to resurrect bi-metallic standards were made, including one based on the gold and silver franc; however, with the rapid influx of silver from new deposits, the expectation of scarce silver ended. The interaction between central banking and currency basis formed the primary source of monetary instability during this period.