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Colombian peso

The Colombian peso is the currency of Colombia. Its ISO 4217 code is COP and it is also informally abbreviated as COL$. Its sign is the peso symbol ($).

The exchange rate as of September 2004 is:

• 1 euro = 3,080 COP
• 1 U.S. dollar = 2,530 COP

Coins

The available coin denominations are:

• $50
• $100
• $200
• $500

From 1997 to 2002 there was a $1000 coin, which was withdrawn from circulation due to massive counterfeiting. So widespread was this problem that at the time the withdrawal order was given, bogus coins outnumbered legitimate ones.

Bills

The available bill denominations are:

• $1,000 (Jorge Eliécer Gaitán)
• $2,000 (Francisco de Paula Santander)
• $5,000 (José Asunción Silva)
• $10,000 (Policarpa Salavarrieta)
• $20,000 (Julio Garavito Armero)
• $50,000 (Jorge Isaacs)

As noted above, the $1000 note was withdrawn from circulation to be replaced by a coin; however, it was subsequently reintroduced, with a new design, due to the coin counterfeiting problem.