Colombia congress proposes revaluing currency
Aug 04, 2010 07:44 AM Category: South America
According to an article on Portafolio.com, Senator Antonio Guerra of the Colombian congress has proposed removing three zeros from the peso. Currently the largest denomination in Colombia is the 50,000-peso (US$27.40) note, which would become the 50 nuevo peso under the proposal. At least two previous efforts to revalue the currency have failed.