The exchange rate in Colombia reacted to political events. (Infobase)

He American dollar paid today 4,417.68 Colombian pesos on averageso that it implied a variation of 0.08% compared to the previous day’s figure, when it amounted to 4,414.28 Colombian pesos on average.

Referring to last week’s profitability, the American dollar records a decline 1.95%so that year-on-year there is still a decrease in the 0.8%.

If we compare the value with the past days, it reverses the data of the previous day, in which it closed with a drop of 0.2%, without being able to establish a definite trend lately. Regarding the volatility of the last days, it is notably lower than the figures obtained for the last year (17.87%), presenting itself as a value with less variations than usual in the last days.

HeColombian peso It is the legal currency in Colombia, it is usually abbreviated as COL and its circulation is controlled by the Banco de la República de Colombia.

Currently, 50, 100, 200, 500 and 1000 peso coins are in use, the latter had its first circulation between 1996 and 2002, however, it lost its acceptance as it was very easy to counterfeit.

The 500 and 1000 peso coins are bimetallic, to improve their security and prevent them from being illegally reproduced; meanwhile, all denominations have designs alluding to biodiversity in the country, including the spectacled bear, flag macaw, glass frog, loggerhead turtle, among others

With him change of government In the 2022 elections, where Gustavo Petro was victorious, the country will have to maintain or improve the economic trend it has recorded after its vigorous recovery from the coronavirus pandemic.

Colombia continues to face major structural challenges: remains one of the most unequal countries in the world; inflation has undermined progress in restoring the poverty rate; and the current account deficit remains very high.

According to forecasts by the Economic Commission for Latin America and the Caribbean (Cepal), by 2023 the country will experience economic growth of 1.9%.

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