Search results
Results from the WOW.Com Content Network
In 1910, the Conversion Board began issuing banknotes in the form of peso oro. In 1931, the United Kingdom left the gold standard and the peso shifted its peg to the United States dollar, at a rate of 1.05 pesos = 1 dollar, a slight devaluation from its previous peg, this until 1949. Nevertheless, Peso banknotes continued to be issued expressed ...
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 20,000 Colombian peso note ($20,000) is one of the notes in circulation in Colombia.It is about 143 × 66 millimeters and the predominant color is orange. The front features former Colombian president Alfonso López Michelsen and a sugar apple, while the reverse shows a sombrero vueltiao and the canals of La Mojana.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
AOL latest headlines, entertainment, sports, articles for business, health and world news.
With an initial capital of 10 million dollars in gold, half provided by the government and the rest by foreign and national commercial banks. Its role as a banker for banks includes: Acting as a State Bank; Controlling the issue of the currency, the Colombian peso; Receiving foreign credits and make loans to the Government and private banks
The economy of Colombia is the fourth largest in Latin America as measured by gross domestic product [19] and the third-largest economy in South America. [20] [21] Throughout most of the 20th century, Colombia was Latin America's 4th and 3rd largest economy when measured by nominal GDP, real GDP, GDP (PPP), and real GDP at chained PPPs.
1 January – The minimum wage in Colombia is raised from 1.3 million to 1.4 million Colombian pesos per month, a 9.54% rise. [1]3 January – Thirteen people die and 28 are injured after a bus carrying 42 people falls into a gorge while traveling on a road connecting Ipiales with Pasto in Nariño Department.