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US dollar exchange rate against Colombian peso, starting from 1991. Colombia used Spanish colonial real until 1820 after independence from Spain was achieved. It was replaced by the Colombian real. In 1837, the Colombian real was replaced by the current peso at a rate of 1 peso = 8 reales and was initially subdivided into 8 reales.
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.
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 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.
The dollar sign, also known as the peso sign, is a currency symbol consisting of a capital S crossed with one or two vertical strokes ($ or depending on typeface), used to indicate the unit of various currencies around the world, including most currencies denominated "dollar" or "peso".
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.
The Colombian coffee growing axis (Spanish: Eje Cafetero), also known as the Coffee Triangle (Spanish: Triángulo del Café), is a part of the Colombian Paisa region in the rural area of Colombia, which is famous for growing and production of a majority of Colombian coffee, considered by some as the best coffee in the world.
The monetary law of March 14, 1826 provided for a gold coinage based on the Colombian gold peso (peso colombiano de oro) of 1·797238 g, and a silver coinage based on the Colombian silver peso (peso colombiano de plata).