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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.
Half peso oro notes were also produced by the Banco de la República in 1943 by cutting in half 1 peso notes. The Banco de la República introduced 200 and 1,000 peso oro notes in 1974 and 1979, respectively, whilst 1 and 2 peso oro notes ceased production in 1977, followed by 10 pesos oro in 1980, 5 pesos oro in 1981, 20 pesos in 1983 and 50 ...
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 ]
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]
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In 1820, the Government of the Province of Buenos Aires introduced notes in denominations of 5, 10, 20, 40, 50 and 100 pesos. These were followed in 1823 by 1, 3 and 5 pesos. The Banco de Buenos Ayres began issuing notes in 1822 in denominations of 20, 50, 100, 200, 500 and 1000 pesos. 1 and 2 peso notes followed in 1823.