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You can go to a local bank to buy Columbian currency. Whether exchanges are available can vary from bank to bank but it is best to do it in the morning to exchange US dollars for Pesos. There are also money exchange bureaux that exchange cash for pesos. The best exchange rate and most convenient is obtained by your credit card company. Consequently, you are best served by using your credit card to make as many purchases for goods and services as possible.
Travellers checks are not readily usable except in major hotels. You can take them as a form of back up cash to use to exchange for local pesos.
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