Costa Rican peso

From Wikipedia, the free encyclopedia

The peso was the currency of Costa Rica between 1850 and 1896. It was initially subdivided into 8 reales and circulated alongside the earlier currency, the real, until 1864, when Costa Rica decimalized and the peso was subdivided into 100 centavos. The peso was replaced by the colón at par in 1896

In 1850, silver coins were issued in denominations of 116, ⅛ and ¼ peso. In 1864, silver coins were introduced in denominations of 25 centavos and 1 peso. These were followed the next year by cupro-nickel ¼ and 1 centavos and silver 5, 10 and 50 centavos, with gold 2, 5 and 10 pesos introduced by 1870. In 1889, Colombian 50 centavos coins were counterstamped and issued as 50 centavos coins in Costa Rica.

In 1865, the government introduced paper money in denominations of 1, 5, 10, 25 and 50 pesos. 2 pesos notes were added in 1871. The Anglo-Costa Rican Bank issued 1, 25, 50 and 100 pesos notes whilst the Bank of Costa Rica issued 1, 2, 5, 10, 20 and 100 pesos notes.

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