The Colombian Peso (COP) is the official currency of Colombia. It has several synonyms, including Col$ or pesos, Colombian pesos, and COP. This currency was established in 1837 and has undergone several changes since then. In the present day, the Colombian peso is used for all transactions, including purchasing goods and services, paying bills, and exchanging money. It is often abbreviated as COP$ and can be divided into 100 subunits, called centavos. The Colombian peso is widely recognized and is used in most transactions throughout the country. Its synonyms are also commonly used by locals and tourists alike, making it a familiar and integral part of everyday life in Colombia.