The new banknote of 100,000 pesos (COP100,000.1) is seldom found in circulation. The reasons for its scarcity are several:

  1. The new notes do not fit most ATMs.
  2. A relatively small number of notes were issued, amounting only to 1.3% of circulation.
  3. People tend to save them.
  4. Because of its relatively high face value (USD35.00) it is hard to use in small stores.

 

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Source: minuto30.com

©2018  Monetary Research Institute.

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