Peso Is The National Currency of Colombia. It has been the official currency of Colombia since 1837. The symbol used for the Peso is $. Banknotes are issued by the Banco de la Republica The National Bank of Colombia.
A subdivision of the Peso is the centavo; 1 peso = 100 centavos. The first Peso was issued in 1837, replacing the Currency Real at a rate of 8 Reales = 1 Peso. The Colombian government is debating whether to reintroduce a new Peso that is worth 1,000 old Pesos.