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Colombia proposes removal of three zeros from its peso

Friday, April 13, 2018


For the 15th time this century, Colombia on Wednesday began a process to remove three zeros from its national currency, the peso, in an effort to simplify accounting and hurt money launderers.

The latest attempt was proposed by Prosecutor General Nestor Humberto Martinez, who sees it as a way to fight organized crime by making their cash holdings invalid.

Source: Colombia Reports