Money, Honey

Did you know that Colombian currency bills contain security features that turn colors when looked at by those in the know?

That's what a store clerk was doing when examining your peso bills at the checkout counter:  looking to see if the the colors changed.  If they didn't, you probably (and unwittingly) were paying with a counterfeit bill.

This is one of the facts described in detail in a new article posted at the medellinguru.com site on the subject of counterfeit money.  Enter counterfeit in the search box on the site's welcome page.

The article also describes the two sets of completely different bills with dissimilar designs currently in circulation in La República .. and tells who is most likely to give you change containing counterfeits.

The Expat posting at the Medellin Guru site says he's seen clerks catch counterfeit bills 20 times over the years .. and the Expat has personally received fake currency bills four times, including phony 20,000-peso notes in Medellín and Cartagena.  A 20,000-peso bill is currently worth about $7 US.

www.medellinguru.com

cccmedia in Depto. de Nariño



For a look at Elvis Presley's 1956 filmed recording of the song "Money, Honey" -- begins with the line "Ya know, the landlord rang my front door bell....", Google: youtube money honey elvis  :cool:

New government plans to launch
digital currency.

The government of Colombia has revealed
it has plans to launch its own
digital currency.

A key purpose of initiating the new currency
is to reduce tax evasion, a goal recently
announced by Petro's new leader of
the tax-collection agency La DIAN.

The new measure would be accompanied
by restrictions on cash payments and
other transactions that exceed 10-million
pesos ($2,400 US), according to
Luis Carlos Reyes, the DIAN chief.  The
concept is to improve transparency
and thereby make tax evasion
more difficult.

Reyes believes that tax evasion accounts for
6 to 8 percent of Colombian GDP.

Source... news.bitcoin.com, based on
    an interview from the news outlet Semana