Colombia’s peso drop: Dollar now worth more than COP2900
Colombia’s peso on Thursday dropped further against the dollar, which is now selling at more than COP2,900 due to falling oil prices.
Colombia’s peso on Thursday dropped further against the dollar, which is now selling at more than COP2,900 due to falling oil prices.
Colombia’s industry leaders are calling upon the government to provide stronger protection measures to prevent Colombian companies from dumping products abroad, harming their competitors.
Colombia’s government hopes that “intelligent” austerity measures proposed for 2016 will curb an ongoing economic slowdown and push GDP growth to 4.5% in 2018.
Colombia’s peso fell to its weakest level since December 2003 on Thursday as the US dollar broke through the COP2800 mark.
The Pacific Alliance, a trade deal between Colombia, Mexico, Chile and Peru on Monday came into force, eliminating most trade tariffs and allowing easier migration between the partner countries.
The US dollar opened trading at more than 2,723 Colombian pesos on Friday, a level not seen since 2004. According to experts, the dollar could appreciate even further and exceed a…
Colombia’s finance ministry has submitted its 2016 budget which includes steep cuts in investment, reflecting decreasing government revenue.
Colombia’s finance minister on Monday warned that next year’s government budget will see major spending cuts as the country is facing a major drop in revenue due to low oil…
Colombia’s peso has lost 6% of its value against the dollar in the last month amid dropping oil prices and insecurity about how a financial crisis in Greece will affect the…