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what's up guys welcome back to my channel my name is Christian and today I want to talk to you guys about Colombian dinero making it rain with the pesos is that that I come to make it rain with 10,000 pesos let me know the comments anyways let's move on the currency use in Colombia is the Columbia vessel and we have several different bills in Colombia we have about 1000 Basel 2005 thousand vessel ten thousand vessel twenty thousand vessel fifty thousand vessel and a lot of people don't know we have a hundred thousand pesos at seven different bills this a hundred thousand bass was super super rare to find in Colombia it's so rare that even the local Colombians have never even seen but anyways one u.s. dollar exchanges for around three thousand pesos one Canadian dollar exchanges for around two thousand three hundred pesos one arrow exchanges for around three thousand five hundred pesos and one pound exchanges for around four thousand pesos so as you can see further currency can go a long way in Colombia now let me show you how much the seven different Colombian bills are worth in your currency here we have each bill with around how much it exchanges for in US dollars Canadian dollars euros and pounds these numbers aren't exact and can be different depending on when you're watching this video here we have old bills side by side with the new bills the only ones that remain the same are the one thousand bill and a hundred thousand bills so keep that in mind there's also five different coins in Colombia a 50 peso coin is like having a penny in the u.s. 100 pesos is like having 10 cent 200 pesos is like having 25 cents 500 pesos is like having 50 cent 1000 peso is like having a dollar and I'm not talking about worth in this example I'm talking about significance so you can kind of get a picture in your head now it's important to know that cash is king in Colombia so expect to pay everything in cash because most places don't take cards if after watching this video you still having trouble with the Colombian money I recommend that you get the currency converter app just to be safe nothing that I like to do is just to divide everything by 3 so let's say I'm out and about and I see something I like and I'm gonna buy it cause 9 thousand pesos I just do 9 divided by 3 in my head and then I know that it will cost me around 3 dollars right and then another thing is every time I spend 50,000 pesos I know that I spent about 15 to 16 dollars and I'm mostly talking dollars because since I'm Colombian American that's the currency that I'm most familiar with so everybody around the world as watcher from all over the world don't get upset if I'm not explaining things in your currency all right so now that you're familiar with the currency you want to know where to get the money from but first I'm gonna show you what I do what I do since I'm Colombian is I have a Wells Fargo account in the United States right and I did some research online and I found out that Bank Colombia bancolombia and Colombia have like a partnership with Wells Fargo in the US so I can just easily wire transfer my money from the u.s. to Colombia this has made it really easy for me and if your Colombian you can do something like this but I'm guessing that most of you watching this video are not Colombian cuz you try to learn to love your money so I'm gonna show you some places where you we draw your money the five biggest banks in Colombia are bancolombia vivienda BBVA Bancomer without bankruptcy lengthy like I said I have bank Colombia and it has a two thousand five hundred pesos ATM fee and that's about seventy nine cents per transaction and doing a little bit of research you can find out which bank works best for you and after you find out what bank you're gonna use I recommend to only use ATMs inside of shopping malls or very popular shopping mall here in Colombia and Mexico and this is a place where a lot of foreigners use to withdraw their money and I recommend to also after you withdraw your money don't leave the store right away go around walk around the store for a little bit if you need to buy something this is the opportunity to buy it and then leave but don't leave right away this is because a lot of themes like to wait outside of ATMs looking for their next victim so it's just a lot safer to do it inside of a shopping mall and then afterwards just walk around a little bit another thing to avoid a lot of fees I recommend to take as much money out as you as the ATM lets you and then go home put it in a safe place and then take out as much as you need but don't go around walking with too much cash on you because you have to keep in mind the minimum wage in Colombia is around 800,000 pencils that's about two hundred and fifty US dollars and you just wait you 600,000 Bessel's that's almost what somebody makes in a month so that's just too much cash strapped on you and that's a lot of money in Colombia so go home put that money in a safe place and take out as much as you need the main point of this part of the video is don't walk around with too much cash on fire guys if you made it all the way to the end of the video I just want to say thank you I hope this video was helpful for you I hope that you learned something if this video was helpful please make sure you give it a big thumbs up so that I know that it really helped you out because that's what I want to do these videos also let me know in the comment section down below do you have trouble understanding foreign currency because I feel like I do sometimes in different countries let me know in the comments oh you have trouble with that like me also subscribe down below so you don't miss any of my upcoming videos and I just wanna say thank you for all the love I'll see you guys in my next video peace [Music]