Currency of Colombia Colombia" to issue legal tender notes, with a minimum denomination of 5 pesos. Peso = 10 Décimos = 100 Centavos Cóndor = 10 pesos (gold or silver) By decree of 2 May 1867 President Mosquera made Treasury notes a forced tender, making them equivalent to a national monetary unit. On 12 June he further decreed the obligatory acceptance in public and private transactions of all coins .900, .835, and .666 fine minted by the former Republic of Colombia and by New Granada. The monetary law of 24 October 1867 annulled all previous monetary legislation and defined the national coinage as
World currency Habsburg territories. Prior to and during most of the 19th century, international trade was denominated in terms of currencies that represented weights of gold. Most national currencies at the time were in essence merely different ways of measuring gold weights (much as the yard and the meter both measure length and are related by a constant conversion factor). Hence some assert that gold was the world's first global currency. The emerging collapse of the international gold standard around the time of World War I had significant implications for global trade. Before 1944, the world reference currency was the United Kingdom's