Currency of Colombia In 1881 it released notes for 1, 5, 10, 20, 50, and 100 pesos payable in current coin (moneda corriente). Notes for 20 and 50 centavos appeared in 1882, and new designs for 10 and 20 centavos and 1, 50, and 100 pesos in 1885. Silver .500 fine, 1885–1886 Gold .666 fine, 1885–1886 Decree 104 of 19 January 1886 adopted as the monetary unit the one peso note of Banco Nacional, effective 1 May. Decree 448 of 2 August 1886 equated the peso note ("billete de a peso") of Banco Nacional to silver coin .835 fine. The United States of
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.