Economy

Banco de la Republica will buy the U.S. dollar through competitive auctions, the bank said in a statement late June 20. The purchases replace the $150 million in dollar put…

Clímaco Berrío, coffee grower in Salento, Quíndo, hardly makes enough money to feed his wife and three children. According to him the situation isn’t of the past week, but has…

The money will go to agriculture, tourism, industry and commerce through the responsible Ministries. Companies who want compensation for financial losses will have to refrain from firing employees.The peso has…

Colombian exporters of flowers, coffee and textile makers are demanding the government help them as they find their products more expensive than their competitors’ goods in the international market.

Rising prices of oil and other basic goods such as wheat are feeding into expectations the central bank will raise rates this week,” Alvaro Camaro, chief analyst at Stanford Financial…

Luis Carlos Villegas, president of the National Association of Businessmen, said the central bank should not keep increasing its benchmark rate, now at 9.75 percent, because the causes of an…

  The announcement was made Saturday after several sectors had asked the government to declare an economic emergency to fight the consequences of the expensive peso. Last Friday the peso…

The peso rose as much as 1.3 percent today following a June 1 report that showed the monthly inflation rate soared to 0.93 percent in May, more than double the…

“If the U.S. economy does well, it favors the perspective that the inflow of dollars from export sales will remain high,” Álvaro Camáro, chief analyst at Stanford Financial Group’s unit…