Search results
Results from the WOW.Com Content Network
The Colombian peso (sign: $; code: COP) is the currency of Colombia.Its ISO 4217 code is COP.The official peso symbol is $, with Col$. [1] also being used to distinguish it from other peso- and dollar-denominated currencies.
Regular banknotes for 50,000 and 100,000 pesos also appeared in circulation, being that such banknotes have a similar design to the 5-peso and 1-peso banknotes respectively. By the spring of 1986 the currency in circulation effectively consisted of cheques de gerencia ranging from 100,000 to 10 million pesos bolivianos and "low" denomination ...
Currency in Colombia denotes the ingots, coins, and banknotes that have been used in Colombia since 1622. It was in that year, under a licence purchased from King Philip III of Spain, that Alonso Turrillo de Yebra established a mint at Santa Fe de Bogotá and a branch mint at Cartagena de las Indias, where gold cobs were produced as part of Colombia's first currency.
The name bolivar was used for an amount of ten bolivianos. The peso boliviano (code BOP), from 1963 to 1986, worth 1,000 first bolivianos. The second boliviano was introduced in 1987 at a rate of 1 boliviano = 1,000,000 pesos bolivianos .
Its main modern functions, under the new Colombian constitution were detailed by Congress according to Ley 31 de 1992. One of them is the issuance of the Colombian currency, the peso. The bank is also active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion.
By September 2020, all sovereign bolivar banknotes (Bs.S 2 to Bs.S 500) issued on 20 August 2018 were deemed worthless. Venezuelan officials are planning a new Bs.S 100,000 note. [99] Meanwhile, as of 16 December 2020, the exchange rate was over 1 million bolivares to one US dollar. [100]
The 50,000 Colombian peso note is the second highest denomination of Colombian currency.Designed by Óscar Muñoz, the front of the notes feature Jorge Isaacs and the heroine of his novel María, and the back of the notes feature an Albizia saman tree, two palm trees, an image of Isaacs' house El Paraiso, and an excerpt from María.
In March 2010, the production cost of a 20,000 Colombian peso note was estimated at 85 pesos. By comparison, 1,000 and 50,000 Colombian peso notes cost 57 and 103 pesos respectively. This difference can be explained by the fact that the higher the value of the note, the more security features are built into it, thus generating higher costs. [ 14 ]