1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 466.8226 COP (Colombian Peso). It is the official currency of Colombia since 1837 denoted by the symbol $. The issue of the bank notes are controlled by the Banco de la Republica. COP (Colombian Peso) is subdivided into 100 centavos. In 1931, COP currency was pegged to the US Dollar at 1 USD = 1.05 Pesos. In 1993, the word Oro was removed and the currency is now known as the Peso.