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Understanding Colombian Currency

Page 1 of 20

1. What is the official currency of Colombia? A) Colombian Peso B) Old Colombian Peso C) Colombian Real Peso D) Peso of Colombia

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2. What is the symbol for the Colombian Peso? A) $ B) ₱ C) €

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3. If something costs $10,000 in Colombia, approximately how much is that in USD (as of 2024)? A) Around $2.50 USD B) Around $100 USD C) Around $25 USD D) Around $2.90 USD

Page 4 of 20

4. Which of these coins is commonly used in Colombia? A) 1 Peso Coin B) 100 Peso Coin C) 1,000 Peso Coin D) 2,000 Peso Coin E) 500 Peso Coin

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5. Which of the following is a real Colombian banknote? A) 7,000 Pesos B) 50,000 Pesos C) 150,000 Pesos

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6. Who appears on the 50,000 Colombian Peso note? A) Simón Bolívar B) Gabriel García Márquez C) Pablo Escobar D) The king of Colombia

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7. What does a comma (,) in Colombian prices represent? A) Decimal point B) Thousands separator C) Tax point for calculation D) Decimal point of Colombia

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8. If you see something priced at $12.500, how should you read it? A) Twelve pesos and five cents B) Twelve thousand five hundred pesos C) One hundred and twenty-five pesos D) Twelve thousand and five hundred pesos

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9. What is the smallest denomination of Colombian paper currency? A) $1,000 few in circulation B) $2,000 C) $500 D) 5000

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10. Is it common to negotiate prices in Colombia? A) No, prices are always fixed B) Yes, especially in local markets C) Only in restaurants D) Only Colombians can do that

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11. What color is the 20,000 Colombian Peso bill? A) Red B) Orange C) Blue

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12. Which denomination is typically purple? A) $5,000 B) $2,000 C) $50,000

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13. Which is the best place to exchange USD for Colombian Pesos? A) At the airport B) On the street C) In official exchange houses or banks

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14. How do locals commonly refer to 1,000 pesos? A) “Un mil” B) “Una luca” C) “Un dólar” D) “Mil peso”

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15. If a meal costs $25,000 COP, is it considered expensive? A) Yes, for a street meal B) No, that's super cheap C) That would be a luxury dinner D) Yes, for taxi drivers

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16. Is the $500 coin still in circulation? A) Yes B) No C) Only for collectors

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17. What should you do if you receive a torn bill? A) Keep it as a souvenir B) Exchange it at a bank C) Throw it away D) Give it back as a gift

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18. Are US dollars accepted in most Colombian stores? A) Yes, everywhere B) No, only pesos are accepted C) Only in Bogotá D) Yes, in Jumbo and Exito

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19. What is a “billete falso”? A) An expired bill B) A fake bill C) A foreign bill D) Bad bill E) Normal bill

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20. How can you verify a Colombian bill is real? A) Hold it up to the light and check security features B) Rub it with water C) Weigh it D) Ask the street vendors

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