Euro: opening rate today February 27 in Colombia

After opening the euro he is paid at the beginning of the session for 5,102.33 Colombian pesos on averageso that it implied a variation of 0.02% compared to the 5,103.34 Colombian pesos on average the previous day.

Looking at last week’s data, the euro mark a decline 1.7%; but year-over-year, it still maintains a rise of 24.39%.

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 popularity because it was very easy to forge.

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%.