The dollar in Colombia does not yield and on the contrary, day after day, exceeds new historical highs. Faced with this scenario and fear that these upward pressures on the currency may cause among investors, Finance Minister José Antonio Ocampo sent a message to the market.
Diversify exportsamong the government’s measures to take advantage of the dollar’s rise
“We are going to have a responsible macroeconomic policy, we are going to comply with the Fiscal Rule, there are going to be no exchange controls, and we are going to diversify exports”, said Ocampo after the discussions of the Budget in Congress.
Regarding the rise in the price of the dollar in the country, the @MinHacienda, @JoseA_Ocamposent this message to the markets: “we are going to have a responsible macroeconomic policy, we are going to comply with the Fiscal Rule, there are going to be no exchange controls, we are going to diversify exports”. pic.twitter.com/3gXlV8XL3H
– MinHacienda (@MinHacienda) October 19, 2022
The message was sent hours before the dollar reached $4,800 in its negotiations this Wednesday.
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