The colón (named after Christopher Columbus, known as Cristóbal Colón in Spanish) is the currency of Costa Rica. The plural is colones. The ISO 4217 code is CRC.
The symbol for the colón is a capital letter "C" crossed by two diagonal strokes. The symbol is encoded at and may be typed on many English language Microsoft Windows keyboards using the keystrokes +.
The colón sign is not to be confused with, or with the Ghanaian cedi,. Nonetheless, the commonly available cent symbol '¢' is frequently used locally to designate the colón in price markings and advertisements.
The colón was introduced in 1896, replacing the Costa Rican peso at par. The colón is divided into 100 centimos, although, between 1917 and 1919, coins were issued using the name centavo for the 1/100 subunit of the colón. Colóns were issued by a variety of banks in the first half of the twentieth century, but since 1951 have been produced solely by the Central Bank of Costa Rica. The currency was subject to a crawling peg against the United States dollar from 2006 to 2015, but has been floating since then.
Because the colón replaced the peso at par, there was no immediate need for new coins in 1896. In 1897, gold 2, 5, 10 and 20 colones were issued, followed by silver 50 centimos, and followed by cupro-nickel 2 centimos in 1903 and silver 5 and 10 centimos in 1905. The 5 and 10 centimos bore the initials G.C.R., indicating that they were issues of the government.