Colombia central bank rules out capital controls
The Colombian central bank moved to dispel the possibility that it could soon impose capital controls to cool off the peso, which has surged this year fueled by foreign investment…
The Colombian central bank moved to dispel the possibility that it could soon impose capital controls to cool off the peso, which has surged this year fueled by foreign investment…
Colombia’s central bank has recently discussed and presented to members of congress the idea of a new peso. The measure would consist of slashing three zeros from the end of…
Colombia’s peso fell to its weakest level in three weeks on speculation the central bank will begin buying dollars directly in the market in a bid to ease the local…
Colombian Central Bank President Jose Dario Uribe said Thursday that now would be the ideal time for Colombia to drop the three zeros from it’s currency, the peso. Uribe said…
State-owned oil company Ecopetrol has agreed with Colombia’s finance minister to pay the dividend it owes the state abroad and in dollars, to avoid putting more pressure on the peso,…
Colombia’s peso fell for the first time in six days on speculation the government will take further measures to ease the currency’s world-beating rally after President Juan Manuel Santos called…
Colombian stocks continued a streak of record highs Monday, boosted by shares of key oil companies in the country’s blue-chip index, while the peso was mostly flat as pressure continued…
A body of leading business groups asked the government and the central bank to step up their efforts to push down the rising peso and warned that the currency’s appreciation…
An increasing amount of experts warn Colombia for the Dutch disease, claiming its growing export of natural resources is appreciating the country’s currency and negatively affecting other export sectors. While…