Sunday 11 April 2021
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“It’s Time For The Colombian Government to Dollarize”: Steve Hanke, Inflation Expert

“The Colombian peso is in trouble again. It’s time for the government to officially give up the peso and give Colombians what they want: dollars,” the renowned economist Steve Hanke wrote on Twitter a few days ago. The Johns Hopkins University professor has given...

Colombia’s Peso Falls to All-Time Low Against US Dollar

Colombia’s currency devalued Monday to an all-time low against the United States dollar which topped at 3,480 COP, becoming the region’s weakest currency. Colombia’s currency (peso) declined in value Monday to an all-time low against the U.S. dollar. In February, the dollar reached to 3,379 COP,...

Colombia Aims to Remove Three Zeros From Peso Bills

Colombian authorities want the face value of 500-peso coins to be slashed to 50 centavos, while the minimum wage would be reduced from 781,242 pesos to 781. A drastic reduction in the values of change, however, it should not be something alarming, likely only to...

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