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October 19, 2022
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The collapse of the peso is due to the fact that they are “taking out dollars”, says Petro

The collapse of the peso is due to the fact that they are "taking out dollars", says Petro

The President Gustav Petro gave a speech during the installation of the regional dialogue in Urabá. There he spoke to the attendees about different current issues that are happening in the country.

(Read: The Government’s message to the markets against the rise in the dollar).

The president referred to the historical figures of the dollar in Colombia that It already exceeds 4,700 pesos and, this Wednesday, October 19, it touched 4,800 pesos. Petro said that economies in Latin America are being “plundered.”

Our currencies all fall, not just the Colombian peso“, he stated. Regarding the currency, he assured: “Analysts haven’t wondered who is taking out the dollars that are causing the Colombian peso to collapse? I know it. Your data is in the Banco de la República”.

Likewise, he said that dollars would be coming out that “have been built in Colombia, which have entered Colombia through the export of coal and oil. Both are public property of the Nation“.

(Also: ‘It is a victory for the Government’: Ocampo after approval of the Budget).

also spoke of the impact of the situation from the point of view of the Government: “We have, as a government, granted through contracts the exploitation by private companies, such as Ecopetrol, of those assets that belong to the State in exchange for royalties. In exchange for paying taxes (…) If that is a public good, share it. Do not take out the money en masse, because in Colombia there are more opportunities. There are more opportunities here, we have seen how tourism grows by 150%”.

Finally, the president assured that citizen mobilizations were necessary for the change that his government was proposing. Likewise, He referred to those who have asked him to moderate his statements.

“I’ve read on social media saying: “The president has to be silent because the economic crisis is very fierce“Then they want a silent president, who does not speak, who simply lets do and let go. No. That cannot be the president,” he assured.

(See: Senate and Chamber approved the General Budget of the Nation for 2023).

BRIEFCASE

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