Currency in Colombia

Countries  »  Colombia  »  Local Currency

Currency in Colombia

The Colombian textile industry is well-recognized and reputable around South America and Europe. Clothing, including lingerie is particularly well-regarded as high quality and very affordable. Leather garments, shoes and accessories are also of interest to foreigners. The best place to buy either is Medellin, known for being the fashion capital of the country, where one can buy very high quality goods at a very low cost.

Colombian emeralds and gold (18k) jewelry can also be very attractive for visitors. A typical Colombian style of jewelry is a copy of precolombian jewelry, which is fabricated with gold, silver and semi-precious stones.

The "mochila", the Spanish word for "backpack" or "rucksack", is also a traditional, indigenous, hand-woven Colombian bag, normally worn over the shoulder. They are commonly sold in shopping malls, especially in the Santa Marta/El Rodadero area. Mochilas usually come in three sizes - a large one to carry bigger things, a medium one to carry personal belongings, and a small one to carry coca leaves. Coca leaves are carried by local tribe members to reduce hunger, increase energy and to combat altitude sickness.

Handicrafts such as intricately designed jewelery are commonly sold in markets and on street corners. Many street vendors will approach people, selling t-shirts, shorts, glasses, bracelets, watches, necklaces, souvenirs, and novelty photographs. If you want to buy something, this is a good time to exercise your bartering skills. Usually you can go down by 2,000 to 3,000 pesos, however 10%-15% is the generally accepted rule. For example, if someone is selling a shirt for P$10,000, try asking if you can pay P$8,000. Go from there.

If you don't want to buy anything, a simple gracias, ("thank you") and a non-committal wave of your hand will deter would-be sellers.

Money

The currency of Colombia is the Colombian peso. Most banks and money changes will accept major world currencies such as the US dollar and the Euro.

Costs

For transport, accommodations, tourism and food: cheap: $US30 for one person, $50 for two (at 2,000 pesos per dollar). comfortable: $US60 for one person, maybe $100 US for two.

typical costs: modest but clean (and occasionally charming) hotel $25 (50,000 COP), nice meal $15 for two, beers $0.6-$1.5 depending on bar, bus 100km about $6 (cheaper per km for longer trips, more for dirt roads), urban transport 50 cents.

The content on this page is available under a Creative Commons Attribution-ShareAlike 3.0 license. It has been written by the users of WikiTravel and gapyear.com cannot not accept any responsibility for its accuracy. For any critical information you require, please be sure to check with the relevant embassy for the most up to date information before you travel.