The term "Colombian monetary unit" refers to the currency used in Colombia, which is called the "Colombian Peso." Let's break it down for better understanding.
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The term can also be referred to simply as "Colombian Peso" (COP), which is the actual name of the currency.
The plural form is "Colombian monetary units" when discussing amounts.
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Summary:
The "Colombian monetary unit" is simply the money used in Colombia, and it is most commonly known as the Colombian Peso.