In 1871, the currency was decimalized, with the peso subdivided into 100 centavos.
The first coin issues in 1862 were a provisional copper coinage in denominations of 1, 2, 4 and 8 pesos.
Silver 5, 10, 25 and 50 centavos and gold 1 peso coins were introduced that in 1871 following decimalization.
In 1886, the Aguan Navigation and Improvement Company issued its first paper money.
The Banco Centro-Americano began note production in 1888, followed by the Honduran government in 1889, with several more banks issuing notes later.