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Costa Rican ColnThe coln (named after Christopher Columbus, known as Cristbal Coln in Spanish) is the currency of Costa Rica. It is also the name of El Salvador's currency (see El Salvador coln). It is divided into 100 cntimos. The plural is colones in Spanish, but English-speakers often say colons instead. Coins in circulation are 10, 25 and 50 cntimos (rarely used anymore due to inflation), and 1, 2, 5, 10, 20, 25, 50, and 100 colones. The 20-coln coin is being phased out. In 1997, the government issued new 5, 10, 25, 50, and 100 coln coins to replace the older ones. Banknotes in circulation are 50, 100, 500, 1,000, 2,000, 5,000, and 10,000 colones. Tejas is used as a slang term for the 100-coln bill, and cinco tejas for the 500 coln, while the 1,000- and 5,000-coln bills are called rojo and tucn. As of January 2, 2005, the United States dollar was worth 458.100 colones. The coln has an unusual relationship with the U.S. dollar which may best be described as a "decaying peg"; instead of being defined by a constant value to the dollar, the coln instead grows progressively weaker at a fixed rate of about 3.294 colones per dollar per month.
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