Currency of Colombia or Décimos = 100 Centavos The Granadine Confederation ("Confederación Granadina") was proclaimed 1 April 1858, adopting a new constitution on 22 May. Its brief life under President Mariano Ospina Rodríguez ended in civil war (1860–1862). The Confederation issued Colombia's first postage stamps in August 1859 in denominations of 2½, 5, 10, and 20 centavos and 1 peso. Silver dated 1859–1862 (coins minted at Bogotá are denominated in décimos, those minted at Popayán in reales) .666 fine .900 fine Gold .900 fine, dated 1859–1862: Peso = 10 Décimos = 100 Centavos General Tomás Cipriano de Mosquera captured Bogotá on 18 June
Digital gold currency money as it directly represents gold metal on deposit or in custody. This depends on the issuer. Most issuers have the gold on deposit - i.e., the issuer will redeem the digital currency obligation with physical metal. Just as the exchange rates of national currencies fluctuate against each other, the exchange rates of DGCs fluctuate against national currencies, which is reflected by the price of gold in a particular currency. This creates exchange risk for any account holder, in the same way one would experience exchange risk by holding a bank account in a foreign currency. Some DGC holders make