Colombia’s average wage less than half global average
Colombia’s monthly average salary is less than half the global average of $1,480, according...
Tag: dollars
Colombia swaps domestic debt, extends maturities
Colombia has eased its short-term debt burden on Tuesday in a record 6.5 trillion pesos ($3.52 billion) swap for longer-term bonds as Latin America’s No. 5 economy cashed in on its new investment-grade status. The Andean...
US customs finds cash for Colombia smuggled in tortilla presses
U.S. customs officials found $600,000 worth of currency in two shipments of tortilla presses bound for Bogota, according to a press release Tuesday. After noticing an anomaly in the x-ray of eight tortilla presses, a U.S....
Police seize over $2.5M in fake bills in Bogota
Police have seized more than $2.5 million worth of counterfeit bills and arrested two Colombians during a raid on a clandestine printing factory in Bogota, reported El Espectador. In the joint operation between Colombia’s...
Colombian state loses $551M through lawsuits in 2010
A report released by the General Accounting Office revealed that the state paid out COP1.1 trillion ($551 million) in 2010 as a result of court rulings against it, El Espectador reported Thursday. The state bodies that lost the...
Avianca modernizes aircraft fleet
Colombian airline Avianca will replace its Fokker 100 aircraft with the Airbus 318 on national flights announced Avianca President Fabio Villegas. Villegas said that the changeover will take place in mid-June as part of the...
$2.47M in fake bills found in Bogota
$2.47 million worth of counterfeit American bills were seized from a clandestine money printing factory in Bogota, reported Radio Santa Fe. The Prosecutor General’s Office announced on Monday that their investigative body,...
Seized drug money to be spent by govt
A Bogota judge has announced that the more than $100 million (200 billion COP) seized in five operations in the capital last year can be spent by the government, El Espectador reported Friday. $80 million and 17 million Euros in...
