Colombian peso

The peso is divided into 100 centavos. However, because the value of Colombia’s currency is extremely low. Although 1 centavo and 5 centavo coins still exist, the lowest denomination of the Colombian peso that is commonly used is the 50 pesos coin.

The central bank of Colombia – Banco de la República – is the entity tasked with issuing Colombian currency and with monitoring and controlling the foreign exchange rate for the peso.