Colombian peso
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| Colombian peso peso colombiano (Spanish) |
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| ISO 4217 Code | COP | ||
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| User(s) | Colombia | ||
| Inflation | 4.3% | ||
| Source | The World Factbook, 2006 est. | ||
| Subunit | |||
| 1/100 | centavo | ||
| Symbol | $ or Col$ (inf.) | ||
| Coins | 5, 10, 20, 50, 100, 200, 500 pesos | ||
| Banknotes | 1000, 2000, 5000, 10 000, 20 000, 50 000 pesos | ||
| Central bank | Banco de la República | ||
| Website | www.banrep.gov.co | ||
The peso is the currency of the Republic of Colombia. Its ISO 4217 code is COP and it is also informally abbreviated as COL$. The peso symbol is $.
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[edit] History
The peso has been the currency of Colombia since 1837. It was introduced at a value of 8 reales. In 1847, Colombia decimalized and the peso was subdivided into ten reales, renamed decimos in 1853. The current system of 100 centavos to the peso was introduced in 1872.
From 1888, printing press inflation caused Colombia's paper money (issued by the National Bank and denominated in peso moneda corriente) to fall in value relative to the coinage. In 1904, the Treasury took over the issuance of paper money. The exchange rate was fixed at 100 peso moneda corriente = 1 coinage peso in 1907 and between then and 1914, coins were issued denominated in "peso p/m", equal to paper pesos. In 1910, the Junta de Conversion began issuing paper money and, in 1915, a new paper currency was introduced, the peso oro.This was equal to the coinage peso and replaced the old peso notes at a rate of 100 old paper pesos = 1 peso oro. Although it never appeared on coins, Colombia's paper money continued to be issued denominated in peso oro until 1993 when the word oro was dropped.
[edit] Coins
All the coins have in the lower part of the reverse the year of production. The coins that are currently used are[1]:
| Currently Circulating Coins | ||||||||
|---|---|---|---|---|---|---|---|---|
| Image | Value | Technical parameters | Description | |||||
| Reverse | Obverse | Diameter | Thickness | Mass | Composition | Obverse | Reverse | |
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$20 | 17.2 mm | 1.15 mm | 2 g | 70% copper 30%zinc |
Simón Bolívar | Value | |
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$50 | 21 mm | 1.3 mm | Coat of arms of Colombia borded with the words República de Colombia | Value | |||
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$100 | 23 mm | 1.55 mm | 5.31 g | Aluminium bronze 92% copper 6% aluminium 2% nickel |
Coat of arms of Colombia borded with the words República de Colombia | Value | |
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$200 | 24.4 mm | 1.7 mm | 7.08 g | 65% copper 20% zinc 15% nickel |
Quimbaya figurine | Value | |
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$500 | 23.5 mm | 2 mm | 7.43 g | Halo: 92% copper 6% aluminium 2% nickel Nucleus: 65% copper 20% zinc 15% nickel |
El arbol de Guacari Guacari's tree, in recognition of the efforts by the people of Guacari, Valle del Cauca to preserve the environment and protect the ecology | Value | |
A $1000 coin was created in November 1996, but due to massive counterfeiting problems was withdrawn by stages; from 2002 the coin was out of circulation.
[edit] Banknotes
On November 17, 2006, the 1000 and 2000 banknotes was redesigned to a smaller size by the central bank (from 70x140 to 65x130 mm), due this bills must be replaced constantly
| Currently Circulating Banknotes | |||||
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| Image | Value | Dimensions | Description | ||
| Obverse | Reverse | Obverse | Reverse | ||
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$1000 | 140 × 70 mm 130 × 65 mm |
Jorge Eliécer Gaitán | Jorge Eliécer Gaitán (body until the chest) and a crowd |
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$2000 | Francisco de Paula Santander | The door of the Casa de la moneda | |
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$5000 | Jose Asuncion Silva | Outdoors and a fragment of the poem Nocturnal | |
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$10000 | Policarpa Salavarrieta | Guaduas main plaza, place of birth of Policarpa Salavarrieta | |
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$20000 | Julio Garavito Armero | The Moon, a reference to the Garavito Crater | |
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$50000 | Jorge Isaacs | A paragraph of La María | |
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[edit] References
- ^ Billetes y monedas (In spanish) Accessed 18 August 2006
[edit] External links
- (Spanish) Bills and Coins
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| Current | Argentine peso · Chilean peso · Colombian peso · Cuban peso · Cuban convertible peso · Dominican peso · Mexican peso · Philippine piso · Uruguayan peso |
| Defunct | Argentine peso moneda nacional · Argentine peso ley · Argentine peso argentino · Bolivian peso · Costa Rican peso · Ecuadorian peso · El Salvadoran peso · Guatemalan peso · Guinea Bissau peso · Honduran peso · Nicaraguan peso · Paraguayan peso · Puerto Rican peso · Spanish peso · Venezuelan peso |
