Author Topic: Colombia: 2019 monetary reform  (Read 302 times)

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Online Jostein

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Colombia: 2019 monetary reform
« on: February 27, 2018, 07:57:53 AM »
Hi friends.

It seems that Colombia Congress will propose again to the Central Bank the peso redenomination (this will be the third time from early 2000's). In Spanish we had a proverb that says "A la tercera va la vencida". The banknotes and coins will remain unchanged until thy need to issue more. The changeover period would be from January 1st of 2019 on from 1000:1

http://www.portafolio.co/economia/en-marzo-presentaran-proyecto-para-eliminar-los-ceros-de-los-billetes-colombianos-514643


Let's see... ::)
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Offline Figleaf

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Re: Colombia: 2019 monetary reform
« Reply #1 on: March 05, 2018, 10:57:02 AM »
After a long period of very high inflation and a final hiccup in 2016, Colombia at last seems in control of its prices, so this may indeed be "third time lucky".

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.