Colombia Seeks to Contain COP Appreciation

Colombia Seeks to Contain COP Appreciation

Colombia

Colombia’s finance minister Oscar Ivan Zuluaga says the government is studying ways to contain appreciation of the COP, which has been trading lately at around COP1,800 per USD, after having been at COP2,000-COP2,200 for most of the year. “The current levels create problems in the mid and long-term for employment levels . . . and exports,” Zuluaga said in a press conference. He adds that already taxes on imports have been reduced to 0%. Some other the measures being evaluated are the non-monetiz

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