US dollar hike raises concern over inflation in Colombia
The US dollar’s recent rise against the peso is raising concerns in Colombia over inflation as importing goods from the United States has become more expensive. Local media on Monday…
The US dollar’s recent rise against the peso is raising concerns in Colombia over inflation as importing goods from the United States has become more expensive. Local media on Monday…
The Colombian peso continues to drop against the dollar, which broke through the COP2,500 barrier on Monday. The extent of the dollar’s appreciation came as a surprise for most analysts.
Colombia’s finance minister welcomes news that the dollar rose against the peso Monday, citing a package of measures that the Colombian government instigated to curb the strengthening the peso, local…
The Colombian government has not sold dollars in the market so far in 2012, in an effort to temper gains in the peso, reported Bloomberg Friday. In an e-mailed statement,…
Colombia’s central bank announced it bought $419.9 million in foreign currency during March 2012. The central bank has now bought almost $780 million in foreign currency in 2012 through daily…
Colombia’s Finance Minister said measures to control the national currency are “being evaluated,” amid concern about the exchange rate, reports financial publication Dinero. Juan Carlos Echeverry said the echange rate of…
Colombia’s Finance Minister said the “future is about being competitive,” indicating domestic producers and exporters should accept the pain of a strong peso, reported Reuters. At a meeting of the…
Colombian exporters and producers have asked the government to take additional measures to keep the peso in check against the dollar. Javier Diaz, president of the National Association of Exporters,…
The Colombian peso weakened against the dollar Wednesday closing at 1,765.10 compared to 1,758.50 the day before. According to Bloomberg the drop is due to increased confidence that the United…