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Higher denominations were introduced in the following years of high inflation. 5 peso coins were introduced in 1980, followed by 10 pesos in 1981, 20 pesos in 1982, 50 pesos in 1986, 100 pesos in 1992, 200 pesos in 1994, 500 pesos in 1993 and 1000 pesos in 1996. However, due to massive counterfeiting problems, the 1000 pesos was withdrawn by ...
The peso de oro was set at 1.612 g .900 fine (equal to the décimo de cóndor of 1867 and the peso of 1857). Copper was made legal tender to 50 centavos per transaction, altered in 1872 to 50 centavos for every 50 pesos in gold or silver (equivalent to 1% per transaction). A law of May 5, 1872 divided the peso de oro into 100 centavos.
5 centavos 10 and 50 centavos 1 and 5 pesos: 1975 1976 1979 2016: 1975 1976 1979 1 November 2017 [9] No: 1 and 5 peso coins ceased being produced in 2016, and was no longer legal tender on 1 November 2017; amounts are rounded to the nearest 10 pesos. China: 1 fen 2 and 5 fen 2 jiao: 2018 2000 1986: N/A N/A 1 July 2000: Yes Yes No: 1, 2 and 5 ...
Ecuadorian sucre (New centavo coins continued to circulate after the sucre was replaced by U.S. dollar in 2000.) Salvadoran colón; Guinea Bissau peso; Mozambican escudo; Portuguese escudo (before the euro was introduced) Portuguese Guinean escudo; Portuguese Indian escudo; Puerto Rican peso; São Tomé and Príncipe escudo; Venezuelan ...
In 1864, silver coins were introduced in denominations of 25 centavos and 1 peso. These were followed the next year by cupro-nickel 1 ⁄ 2 and 1 centavos and silver 5, 10 and 50 centavos, with gold 2, 5 and 10 pesos introduced by 1870. In 1889, Colombian 50 centavo coins were counterstamped and issued as 50 centavo coins in Costa Rica.
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 ]
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On 12 December 2023, following the election of president Javier Milei, economy minister Luis Caputo changed the official exchange rate to 800 pesos to the dollar from the previous 366.5, a devaluation of 54%, to be followed by a monthly devaluation target of 2%. [7] At the time, the unofficial exchange rate was around 1000 pesos per dollar. [15]