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5000 Colones Centennial of the Colon
| Issuer | Banco Central de Costa Rica |
|---|---|
| Year | 1997 |
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| Composition | Log in to see details |
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| Reference(s) | KM#235 |
| Obverse description | Log in to see details |
|---|---|
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| Obverse lettering | . REPUBLICA DE COSTA RICA . AMERICA CENTRAL REPUBLICA DE COSTA RICA Ag 925 B.C.C.R. CINCO MIL COLONES 1997 (Translation: Republic of Costa Rica Central America Republic of Costa Rica Silver 925 Central Bank of Costa Rica Five Thousand Colones) |
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| Reverse lettering | CENTENARIO DEL COLON AMERICA CENTRAL CINCO MIL COLONES 1897-1997 (Translation: Centenary of the Colon Central America Five Thousand Colones) |
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| Additional information |
The colón replaced the peso in 1897 under President Rafael Yglesias Castro, pegged at two colones to the U.S. dollar as part of a deliberate alignment with gold-standard orthodoxy then sweeping Latin America. The centennial issue in 1997 arrived during a period when Costa Rica's currency had long since abandoned any fixed peg, with the colón subject to a crawling-band exchange regime that eroded its value continuously against the dollar it once matched at par.