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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.
The peso was pegged to the dollar at 1.05/US$1. Several adjustments were made following the rise of the dollar, and in 1935 the exchange rate settled at 1.75 pesos per US$1. Colombia abandoned a fixed exchange rate in 1937, but the free rate kept close to 1.75/US$1. [citation needed]
The peso is the monetary unit of several Spanish-speaking countries in Latin America, as well as the Philippines. Originating in the Spanish Empire, the word peso translates to "weight". In most countries of the Americas, the symbol commonly known as dollar sign, "$", was originally used as an abbreviation of "pesos" and later adopted by the ...
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.
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.
From its establishment, the mint provided planchets to the Casa de Moneda de Bogotá where they were eventually struck into Colombian peso coins. In 1987, the Bank of the Republic began coining coins in the Fábrica de Moneda and, since then, the mint has been the only authorized producer of Colombian peso coins in the country. [6]
This article needs to be updated. Please help update this article to reflect recent events or newly available information. (August 2023) Part of a series on the History of Colombia Timeline Pre-Columbian period pre-1499 Spanish colonization 1499–1550 New Kingdom of Granada 1550–1717 Viceroyalty of New Granada 1717–1819 United Provinces of New Granada 1810–1816 Gran Colombia 1819–1831 ...
The official currency of Colombia is the Colombian peso (COP). The motifs used are: ... Historical scene from 1811 ... (USD). The motifs used are: