COP

Colombian Peso

COP is the official currency of Colombia. It is issued by the Central Bank of Colombia (Banco de la República) and is subdivided into 100 centavos.

The Colombian peso has a floating exchange rate since 1949 when the central bank abandoned its peg to the US dollar. Banknotes are issued in denominations up to 100,000 pesos. The Banco de la República actively manages monetary policy to control inflation and promote economic stability.

Related Terms

USD

United States Dollar

USD is the official currency of the United States and its territories. It's the world's primary rese...

PEN

Peruvian Sol

PEN is the official currency of Peru. The name 'sol' means both 'solid' (from Latin solidus) and 'su...

VES

Venezuelan Bolívar

VES is the official currency of Venezuela. It is issued by the Central Bank of Venezuela (Banco Cent...

CLP

Chilean Peso

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Central Bank of Colombia

Central Bank of Colombia is Colombia's central bank. It sets monetary policy, issues the COP, and su...

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