The colón is sometimes referred to as the peso, which was the name of the Costa Rican currency before the colón, until 1896. This is very common across Latin American countries, where most have (or had at some point) currencies called pesos. Another slang name is caña (Spanish for sugar cane, plural cañas) but this term is more often used in its plural form and for amounts under 100 colones with multiples of ten, except for 5; e.g., 5 cañas, 10 cañas, 20 cañas, etc. This term has become less common.