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Bancolombia was founded on January 29, 1875 as "Banco de Colombia" in Medellín, Colombia. [2] In 1929 the bank began trading on the Bolsa de Bogotá.In 1995 the bank became the first Colombian company to trade on the New York Stock Exchange.
Until 1870, there were no banks in Colombia, with the Church and major merchants dominating the credit market. Gold, silver, nickel and copper coins circulated, but no notes were yet issued by the country's still underdeveloped monetary system. The Bank of Bogotá (Banco de Bogotá) was the first private bank to be founded in Colombia in 1870. [1]
Renamed Banco Andino, it became one of the most efficient banks in the Colombian banking system within four years. The Gilinski Group sold the reconstituted bank for a reported $70 million. [2] The family then moved to purchase Banco de Colombia for $365 million, in what was then the largest privatization in Colombia's history.
In December 2010, the Banco de la República issued a 2,000 peso note that now includes the number "2" expressed in Braille in the watermark area. [4] In 2016, the Banco de la Republica issued a new series of banknotes in denominations of 2,000, 5,000, 10,000, 20,000, 50,000 and 100,000 pesos, with the latter being a new and the highest ...
The Bank of the Republic (Spanish: Banco de la República) is the central bank of Colombia. It was initially established under the regeneration era in 1880. 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 Robbery on the Bank of the Republic (in Spanish: Asalto al Banco de la República), also known as The robbery of the century in Colombia (In Spanish: El robo del siglo en Colombia), [1] was a robbery perpetrated on October 16 to 17, 1994 against a branch of the Bank of the Republic (the central bank of Colombia), located in Valledupar (a city in Northern Colombia) and in which the thieves ...
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The printing of the notes of the Bank of the Republic of Colombia (Spanish: Imprenta de Billetes del Banco de la República de Colombia) was officially inaugurated on 23 October 1959, [5] and the 50,000 peso note was first printed in 2000. [6] The 50,000 peso note is the highest denomination of currency in Colombia, and measures 140mm by 70mm. [7]