The official currency of Colombia is the Colombian Peso which may be abbreviated to “COP”. The Colombian bills are denoted as: 1,000, 2,000, 5,000, 10,000, 20,000, 50,000 Pesos. Coins are denoted as follows: 50, 100, 200, 500, 1,000 Pesos. There is talk of a new 100,000 bill being introduced.
It’s important to carry small change with you as much as possible. Many small businesses will refuse to take your 50,000 COP note simply because they don’t have the cash to change it. Try to break your 50,000 COP notes at bigger establishments such as Exito. Try not to accept torn or badly worn notes, you might find it hard to get rid of them as well.