Colombian peso closing in on 1,950 mark
Following months of steady devaluation, Colombia’s peso on Monday morning opened at 1,947.5 against the dollar.
Following months of steady devaluation, Colombia’s peso on Monday morning opened at 1,947.5 against the dollar.
The Colombian peso continued it retreat against the US dollar Wednesday, opening at its lowest value since January 2011. The dollar rose to above COP1,900.
The U.S. dollar will continue its growth trend and could climb to COP1,900 this year, an economist said Thursday.
The Colombian peso on Wednesday hit a one-year low against the peso as government measures to lower the value of the currency seem effective.
Colombia will continue buying dollars in order to keep its currency competitive, said Finance Minister Mauricio Cardenas on Wednesday.
Colombia’s President Juan Manuel Santos and Finance Minister Mauricio Cardenas on Monday introduced extensive measures as part of a $2.7 billion stimulus plan to spur economic growth and ease gains in…
Foreign exports from Colombia fell 6.6% in February in comparison to the same period in 2012, due to choked sales abroad in fuel and mining sectors.
Colombia approved increasing its foreign debt by $10 billion on Thursday after congress members shared strong cross-party support for the proposed economic measure. The new law raises the country’s debt…
Colombia’s half-point interest rate reduction in March may be the last, said finance minister Mauricio Cardenas Monday. According to Cardenas the country, which now has the lowest rates in Latin…