The current exchange rate is about 3,000 pesos to a dollar. This makes prices seem very high. In 1931 Colombia changed to peg the peso to the dollar and the rate was 1.05 peso to the dollar. Quite a change - not all inflation but renaming. A few years they considered redemoninating such that 1,000 pesos would be 1 dollar. Bills these day say have the three 0;s replaced by mil.
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