Money | Colombian Peso mde
The Colombian Peso is the official currency of Colombia. The abbreviation is COP when researching exchange rates. The COP has been appreciating greatly over the last decade as the increased security situation has attracted billions in foreign investment capital. For more information regarding the economy and economic outlook of Colombia see the “COLOMBIA ECONOMY” page of this website.
DENOMINATIONS & IMAGES:
Money in Colombia exhibits some very nice artwork. The bills here are brightly colored and have been created with multiple counterfeiting techniques including embedded threads, watermarks and raised ink imaging.
The denominations for the bills starting from greatest to least are 50,000 ($25 USD*) | 20,000 ($10 USD*) | 10,000 ($5 USD*) | 5000 ($2.50 USD*) | 2000 ($1 USD*) | 1000 (50 cents*).
*Assuming exchange rate of 2,000 pesos = USD $1.00
Jorge Isaacs Ferrer (April 1, 1837–April 17, 1895) is the gentleman pictured on the front of the 50,000 note. Jorge was a Colombian romantic writer, poet, politician and soldier during the 1800′s. A paragraph from his novel Maria is on the back of the bill.
Julio Garavito Armero (January 5, 1865 – March 11, 1920) pictured on the front of the $20,000 COP note was a Colombian astronomer.
Trivia: A crater on the moon’s far side is named Garavito after the famous astronomer.
Policarpa Salavarrieta (c. 1791 – November 14, 1817) was a seamstress who spied for the Revolutionary Forces during the Spanish Reconquista of the Viceroy of New Granada. She was captured by Spanish Royalists and executed for high treason. She is now considered one of major influences involving the ultimate indepence of Colombia from Spain.
José Asunción Silva (November 27, 1865 in Bogotá – May 23, 1896 in Bogotá) was a Colombian poet. He is considered one of the founders of Spanish-American Modernism.
Francisco José de Paula Santander y Omaña (2 April 1792 – 6 May 1840), was one of the military and political leaders during Colombia’s (then known as New Granada) independence war (1810-1819). He was President of the Republic of the Nueva Granada (1819-1826). Santander became to be known as “The Man of the Laws” (“El Hombre de las Leyes”).
Jorge Eliécer Gaitán (Cucunubá, January 23, 1903 – Bogotá, April 9, 1948) was a politician, a leader of a populist movement in Colombia, a former Education Minister (1940) and Labor Minister (1943–1944), mayor of Bogotá (1936) and one of the most charismatic leaders of the Liberal Party.
He was assassinated during his second presidential campaign in 1948, setting off the Bogotazo and leading to a violent period of political unrest in Colombian history known as La Violencia (approx. 1948 to 1958).
For more information regarding the history of Colombian money as well as additional photos of the coins, see Wikipedia’s Colombian Peso page.