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February 15, 2018


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Hi Noel, actually -- prestige goes both ways! Colombian people like to say that we are one of two countries in Latin America that still conserve the original currency (Paraguay being the other one). And hence we can brag about our responsible monetary policy (if you're in those circles where responsible mon policy is something to brag about). Getting rid of zeros would mean losing that prestige

I hadn't thought of that! Still, while it's true that Colombian currency management has been better than most other Latin American nations, the money has nonetheless depreciated by a factor of almost 2,000 compared to the parity with the dollar it enjoyed as late as 1931. That's got to rankle on its own terms, no?

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