Colombia, Banco de la Republica 2014 (2016) 100,000 pesos Pick 463a

Description: Colombia, Banco de la Republica 2014 (2016) 100,000 pesos Pick 463a PMG 30 Very Fine - EPQ (Exceptional Paper Quality) S# AA10036937 The serial number in the picture might not be the actual paper money. Excellent Mint condition This note is very hard to find in circulation because the note has been pulled out from circulation for several reasons: One, it was used for money laundering and two, the currency was counterfeited...Therefore, you do not find this legal note from Colombia in circulation. This is the reason, the note has to be authenticated. You do not want to buy a "Fake" or "Counterfeited" note. Little bit of history from an article in Colombia by Ed Buckley, April 8, 2016, In the United States it’s “all about the Benjamins,” as Puff Daddy’s ode to the $100 bill and founding father Benjamin Franklin goes, and in Colombia it’s now “all about the Lleras Restrepos.” Or maybe the Valle de Cocora. That’s because former President Carlos Lleras Restrepo and the department of Quidío’s picturesque Valle de Cocora with its iconic palmas de cera adorn Colombia’s newest and largest bill of paper money, the $100,000 peso note. The bill officially went into circulation during the last week in March, and is the first in a string of redesigned peso notes expected to start printing throughout 2016. But far from a simple makeover, the $100,000 is a substantial jump in value, doubling the previous largest cash peso note. So why does the Colombian economy, which by some measures has had a rough few months, need a bigger bill? “Since the year 2000, when the $50,000 peso bill was first printed, Colombia’s gross domestic product per capita has tripled, and the minimum wage more than doubled,” said José Darío Uribe, general manager of the Banco de la República, Colombia’s central bank, in a statement on March 31. “As a result of that growth, among other variables, the quantity and volume of economic transactions has grown over the past 15 years, while the denominations of bills in circulation have remained unchanged.” But it’s not just economic growth that demands a larger bill, inflation has played a role as well. “The new bill is needed for market dynamics, the prices of our goods and services and the inflation accumulated over 15 years,” explained Luis Fernando Ramírez, economist with the Universidad de la Salle. “But it certainly is a bill designed for high-value transactions, and not for smaller payments that might require change to be given,” he said. That’s no small concern, as anyone who has struggled to get change for a $50,000 peso note at the corner store might know all too well. But Banco de la República representatives clarified that the newest bills will be only a relatively small percentage of those printed over the next year. Serial number on the note might be different from the picture. Due to its collectible nature, sale is final. I try to do my best to ship every item promptly and list them accurately. All items are from a Smoke Free home in a sunny Florida. I take all of my own pictures, no stock photos. I purchase shipping supplies, pack, and drive them to the US Post Office myself. I will gladly answer any questions in a timely manner and I look forward to hear from you. I only ship to confirmed address by paypal. Payment is only accepted from paypal. Make your best offer!

Price: 84.95 USD

Location: Sunshine State

End Time: 2024-08-18T22:41:51.000Z

Shipping Cost: 4 USD