Colombia - 1 Peso - P-S504e - 1900 dated Foreign Paper Money

1 Peso, P-S504e. Uniface print on back. The Colombian peso is the official currency of Colombia, with one peso divided into 100 centavos. However, due to high inflation during the 1970s and 1980s, centavo coins stopped being issued for circulation in 1984. While it remains common to write monetary amounts including centavos, they are rarely encountered in everyday transactions. Although the 50 peso coin is still considered legal tender, its low value and limited circulation have led most cash transactions to be rounded to the nearest 100 pesos. In contrast, electronic transactions typically account for centavos, despite their minimal purchasing power.