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
Gold standard Congress on March 3, 1903. Around the same time Mexico and Japan pegged their currencies to the dollar. When Siam adopted a gold exchange standard in 1908, only China and Hong Kong remained on the silver standard. When adopting the gold standard, many European nations changed the name of their currency, for instance from Daler (Sweden and Denmark) or Gulden (Austria-Hungary) to Crown, since the former names were traditionally associated with silver coins and the latter with gold coins. Governments with insufficient tax revenue suspended convertibility repeatedly in the 19th century. The real test, however, came in the form of