Question
Download Solution PDFWhat is the name of Colombia's currency?
This question was previously asked in
RPF SI (2018) Official Paper (Held On: 19 Dec, 2018 Shift 1)
Answer (Detailed Solution Below)
Option 2 : Colombian peso
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Download Solution PDFThe 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.
Last updated on Jul 16, 2025
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