What is the name of Colombia's currency?

Question

Question

This question was previously asked in

RPF SI (2018) Official Paper (Held On: 19 Dec, 2018 Shift 1)

Answer 1

The correct answer is Colombian peso

Key Points

The official currency of Colombia is the Colombian peso.
The currency code for the Colombian peso is COP.
One peso is subdivided into 100 centavos, although centavos are rarely used in everyday transactions.
The symbol for the Colombian peso is $, and it is often written as COL$ to distinguish it from other peso-denominated currencies.
The Colombian peso has been the currency of Colombia since 1810.

Additional Information

Colombia is a country located in the northwestern part of South America.
It is bordered by Venezuela, Brazil, Peru, Ecuador, and Panama.
The capital city of Colombia is Bogotá.
Colombia is known for its rich cultural heritage, diverse landscapes, and vibrant cities.
The Colombian economy is one of the largest in South America, with significant contributions from sectors such as mining, agriculture, and services.