Colombian exporters have been dealing with the worst case scenario these says due to consistent decline in U.S. currency prices.  The dollar dropped 17 pesos yesterday, landing just below the 1.900 peso mark, a complicated twist considering how much employment the export sector generates.

Analysts say the election of Juan Manuel Santos as President of Colombia, along with China’s decision to allow more flexibility in the yuan’s exchange rate and Colombia’s Central Bank’s decision to not extend dollar purchases past June 30 favor the peso’s trend towards revaluation.

Tags: Antioquia Bilingue, economia colombia, exportadores colombia

Esta entrada fue publicada el Lunes, junio 21st, 2010 at 5:39 pm y se archiva en Colombia, Economy. Puede seguir las respuestas a esta entrada a través de la RSS 2.0. Usted puede dejar una respuesta, o seguirla desde su propio sitio.