Currency of Colombia Notes of a new design appeared in 1888 for 10 centavos and 1, 5, 10, 50, and 100 pesos, with 25 and 1000 added in 1895. During the civil war the government issued 28 new Banco Nacional note types and overprinted about 48 different private banknotes for circulation. Copper-nickel coin dated 1886–1902 Silver .666 fine dated 1897 or 1902 Silver .500 fine dated 1887–1888 Silver .835 fine dated 1889–1908 Peso oro = 100 Centavos Conversion: 1 peso oro = 100 paper pesos The conversion of paper into gold began 18 May 1905, at 100 paper pesos for one gold peso,
Currency of Colombia to establish Banco Nacional, which began operations in January 1881. A decree of 24 March 1885 authorized coins of nickel and 0.500 silver, and authorized Banco Nacional to issue notes for 10 & 20 centavos. The cost of the civil war of 1885 was covered by paper money, circulation increasing by 89%. Banco Nacional was unable to cover its notes in gold coin, but the Government compromised on suspension by paying notes in silver with the funds received from negotiating the Panama Canal. "El Banco Nacional de los Estados Unidos de Colombia" was responsible for the national note issue 1880–1885.