Colombian Peso

The Colombian Peso (COP) is the official currency of Colombia, used to buy goods and services within the country. It is issued and regulated by the country's central bank. The peso is subdivided into 100 smaller units called centavos. Its value fluctuates based on economic factors, trade, inflation, and international markets. Coins and banknotes come in various denominations, with banknotes being more commonly used for everyday transactions. The peso helps facilitate Colombia’s economic activities, enabling both consumers and businesses to conduct transactions efficiently within the national economy.