Monday, May 29, 2023

The Dollar in Colombia gained more than $100 and was placed above $4,650

Dollar value in colombia particularly felt the political crisis Jose Antonio Ocampo’s departure from the Ministry of Finance, why raised more than 100 pesos During this Thursday 27 April.

The currency opened at 4,655 and did not register a price below 4,600 pesos throughout the day: Its maximum price was 4,678.78 pesos and its minimum, of 4,625 pesos.

It registered a value of 4,656 pesos at closing.

and the day’s average trading price was 4,654.32 pesos, 101.73 pesos, above the day’s representative market rate (TRM). Which was 4,552.59 pesos.

As expected, the currency gained momentum after the arrival of new ministers in the cabinet of the Petro government.

Analysts had already warned that this would happen to the currency because of the “dismissal” of José Antonio Ocampo, who was one of the factors allowing for greater economic relevance in government policies and which many investors believed. a key figure, Connectedactively promoting that it played an important role in controlling other more radical members of the Petro administration.

For Professor Hernando Zuleta from the Faculty of Economics at the Universidad de Los Andes, “It is possible that the dollar will rise at least in the next few days.”

And for Jason Balaguera, economics expert and executive director of Value AAA, Ocampo was “the ‘pole to earth’ in the Petro government economy”. His departure will create a sense of uncertainty, “At least until there is clarity on where the government’s economic projections will be focused.”

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news


Please enter your comment!
Please enter your name here