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Costa Rican colón · CRC

symbol · 1 country currently using this currency.

Currency info

Adopted: 1896

Currency family: Other

The colón is named after Christopher Columbus, whose Spanish name Cristóbal Colón inspired the currency's title.

  • Introduced in 1896 to replace the Costa Rican peso at a rate of 2 colones per peso
  • Named after Christopher Columbus (Cristóbal Colón in Spanish), reflecting colonial heritage
  • Pegged to the US dollar from 1934 to 1974, then allowed to float
  • Experienced significant devaluation during the 1980s debt crisis
  • Remains one of the most stable currencies in Central America

Countries currently using this currency

Related

Historical predecessor

Costa Rican peso