02/12/2016: Peace Agreement Impact
After the signing of the peace agreement with FARC, the Colombian Peso strengthened and saw improvements in the economy.
07/11/2013: Change in banknote design and security features
The Bank of Canada introduced new polymer banknotes with enhanced security features and redesigned motifs, replacing the paper-based notes in circulation since 1935.
24/07/2001: Exchange rate flexibility
Colombia allowed the Colombian Peso to have a flexible exchange rate, transitioning from a fixed exchange rate system.
21/10/1999: Colombia's Financial Crisis
Colombia faced a financial crisis resulting in a devaluation of the Peso and an economic recession.
04/07/1991: Introduction of a New Peso
A new Peso was introduced with a higher value, replacing the old Peso due to high inflation.
15/08/1971: Canada switches to a floating exchange rate
Canada abandoned its fixed exchange rate system and adopted a floating exchange rate, allowing the value of the Canadian dollar to fluctuate in response to market forces.
12/06/1953: Creation of Banco de la República
The central bank of Colombia, Banco de la República, was established to regulate and control the Colombian Peso.
01/03/1950: Introduction of the Canadian dollar's decimalization
Canada adopted a decimal currency system, dividing the dollar into 100 cents, replacing the previous system based on pounds, shillings, and pence.
01/01/1933: Currency depreciation during the Great Depression
The Canadian dollar experienced significant depreciation during the Great Depression due to economic uncertainty and a decrease in international trade.
02/01/1914: Introduction of the Canadian Dollar Act
The Canadian Dollar Act established the Canadian dollar as the sole currency of Canada and gave the government control over its issuance.
31/07/1886: Adoption of the Gold Standard
Colombia adopted the gold standard, linking the value of the Peso to gold, stabilizing the currency.
01/01/1858: Introduction of the Canadian dollar
The Canadian pound was replaced by the Canadian dollar as the official currency of Canada, helping to unify the currency across the country.
01/01/1841: Introduction of the Canadian pound
The first Canadian currency was the Canadian pound, which was introduced to replace British pounds in the Province of Canada.
27/05/1837: Introduction of the Peso
The Colombian Peso was introduced as the official currency of Colombia, replacing the Spanish real.