Abstract

ALONSO-CIFUENTES, Julio César  and  ESTRADA-NATES, Daniela. Recent attempts to redenominate the Colombian peso: A historical overview. Finanz. polit. econ. [online]. 2018, vol.10, n.2, pp.389-402. ISSN 2248-6046.  https://doi.org/10.14718/revfmanzpolitecon.2018.10.2.8.

This paper compares seven bills introduced to the Colombian Congress in the 21st century to redenominate the country's currency. It aims to contribute to the scarce literature on the subject, as well as to the discussion of the bill introduced in 2018. The study presents an analysis of these bills and documents the failed journey of the previous six bills through the Congress. Results show that although there are some coincidences in the proposals, such as dropping three zeros and the creation of the "nuevo peso," the bills can be classified into two main groups. Finally, the paper presents a discussion of the elements necessary for a cost-benefit evaluation of similar bills.

Keywords : Colombia; currency redenomination; currency; dropping zeros; peso.

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