Scribd Logo
Upload

Welcome to Scribd!

  • Cap 4

    Uploaded by

    lorena
    11 views3 pages
    The U.S. dollar will continue to strengthen against the Colombian peso in 2023, according to an economist interviewed on the radio. The economist predicted the dollar could reach COP1,900 due to falling foreign investment and fewer dollars entering Colombia. While a stronger dollar harms exports, the economist said it would benefit the domestic economy. Separately, five people were killed in clashes between the Colombian army and FARC rebels in the department of Antioquia, including three soldiers who died when rebels detonated explosive devices.

    Original Description:

    Original Title

    CAP 4.docx

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The U.S. dollar will continue to strengthen against the Colombian peso in 2023, according to an economist interviewed on the radio. The economist predicted the dollar could reach COP1,900 due to falling foreign investment and fewer dollars entering Colombia. While a stronger dollar harms exports, the economist said it would benefit the domestic economy. Separately, five people were killed in clashes between the Colombian army and FARC rebels in the department of Antioquia, including three soldiers who died when rebels detonated explosive devices.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    11 views3 pages

    Cap 4

    Uploaded by

    lorena
    The U.S. dollar will continue to strengthen against the Colombian peso in 2023, according to an economist interviewed on the radio. The economist predicted the dollar could reach COP1,900 due to falling foreign investment and fewer dollars entering Colombia. While a stronger dollar harms exports, the economist said it would benefit the domestic economy. Separately, five people were killed in clashes between the Colombian army and FARC rebels in the department of Antioquia, including three soldiers who died when rebels detonated explosive devices.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    MAYO 24 05 13

    Dollar could climb to COP1,900 this year: Economist


    posted by Julia Myska

    The U.S. dollar will continue its growth trend and could climb to COP1,900 this year,
    an economist said Thursday.

    The fall in foreign investment and fewer dollars are the primary causes of the peso’s
    retreat against the dollar this year, economist Jose Manuel Restrepo told Caracol
    Radio.

    Regarding the impact of the dollar possibly rising to above 1,900 pesos, Restrepo said
    it “makes us winners, because it will strengthen the domestic economy”.

    The Colombian government and central bank have for years been implementing
    measures to lower the value of the peso that had steadily become so expensive it was
    hurting exports of iconic industries like that of the coffee and flower growers.

    The peso’s downward trend began at the beginning of this year,  hitting a 16-month
    low on Wednesday. By Friday morning, the dollar had grown even stronger against the
    peso and was valued at COP1,873.4.

    MORE: Colombian peso hits 16-month low against dollar


    5 dead after army clash with FARC in northwestern
    Colombia
    posted by Johnny Crisp

    Three soldiers and two guerrillas have been killed in combat with Colombia’s largest
    rebel group, the FARC, in the northwestern department of Antioquia, the army said
    Thursday.

    According to an army press release, combat had broken out with members of the
    FARC’s 36th Front of the rebel group in the Briceño municipality.

    The three soldiers died after the rebels activated hidden explosive charges, said the
    army. Two more soldiers were wounded in the attack, as well as two suspected
    members of the rebel group, who were subsequently captured.

    The left wing rebel group is currently in peace negotiations with Colombia’s
    government, however President Juan Manuel Santos has made clear on several
    occasions that the government will not agree to a ceasefire until a definitive peace
    agreement is reached, stating that a bilateral ceasefire would “give an advantage” to
    the rebels.

    MORE: No ceasefire with FARC until peace accord reached: Santos

    You might also like