Complete Financial Report of San Andrés, Providencia and Santa Catalina (Colombia)

Basic Information

• Department ISO Code: Not applicable (department of Colombia)

• Most Used Official Language: Spanish

• Language ISO Code: es

• Current Official Currency: Colombian Peso

• Currency ISO Code: COP

Currency History and Circulation

1. Colombian Peso (COP) – Current Official Currency

• ISO Code: COP

• Symbols: $

• Singular Name: peso

• Plural Name: pesos

• Monetary Subdivision: 1 peso = 100 centavos (though centavos have limited circulation)

• Fraction Name (singular): centavo

• Fraction Name (plural): centavos

• Initial Production Date: 1810 (national Colombian currency)

• Final Production Date: ongoing

• Initial Circulation Date in San Andrés, Providencia and Santa Catalina: since incorporation into Colombian territory (1822)

• Final Circulation Date: currently in circulation

• Mint: Casa de Moneda de Colombia

• Issuing Authority: Banco de la República de Colombia

• Coin Denominations: 50, 100, 200, 500, 1000 pesos

• Banknote Denominations: 2000, 5000, 10000, 20000, 50000, 100000 pesos

• Historical Context:

  • San Andrés, Providencia and Santa Catalina have been Colombian territory since 1822.

  • The official currency is the Colombian peso, which circulates throughout the national territory, including this insular department.

  • The local economy is based on tourism, commerce, agriculture, and subsistence fishing.

  • The Colombian peso is the sole official currency, facilitating economic integration with the rest of the country.

• Current Status: active and sole currency in circulation.

Economic and Cultural Context

• The archipelago is Colombia’s only insular department, located in the Caribbean Sea, with a land area of 52.5 km² and an estimated population of 79,000 inhabitants.

• The economy is mainly based on tourism, commerce, agriculture, and fishing.

• The local culture is rich in Afro-Caribbean traditions, with a Raizal population that speaks Spanish, English, and San Andrés Creole.

• The archipelago hosts important marine ecosystems, including over 75% of Colombia’s coral reefs, and is a UNESCO Biosphere Reserve.

• The local administration has a special regime, with a single municipality (Providencia) and the capital in San Andrés.

Summary

This report is prepared in Spanish, the official and predominant language of San Andrés, Providencia and Santa Catalina, based on official and up-to-date sources.