Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
  • About us
  • Support us
  • Contact Us
  • Newsletter
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
Economy

Central Bank will not intervene in peso’s appreciation

by Adriaan Alsema July 27, 2009

Colombia news - dollars

Colombia’s Central Bank will not intervene to halt the appreciation
of the peso against the dollar for now, the country’s Finance Minister
has said.

Colombia’s exporters had asked the Central Bank to massively buy dollars to lower the price of pesos. They say the expensive peso is harming exports.

According to Finance Minister Oscar Ivan Zuluaga, the problem is not the peso, but the dollar that has seen an equally sharp drop in value against other currencies.

Zuluaga added that the peso dropped in value on Friday, showing that the tendency of the dollar is not constant.

Trending

  • Colombia’s capital declares red alert over new COVID-19 wave

  • Medellin landlords and gangs skyrocket forced displacement

  • Colombia registers one of COVID-19 pandemic’s deadliest days

  • Facebook
  • Twitter
  • Linkedin
  • RSS

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top