The dollar recorded strong volatility at the end of the week, partly in reaction to rulings by the Council of States and the Constitutional Court.
In the first case, it was due to the pronouncement of the Council of State that provisionally suspended the decree that granted functions to the president, Gustavo Petro, to regulate public services.
(Read: ‘Rappitenderos’ profits would slow down with the labor reform).
This generated that the actions, the dollar in Colombia and the TES will take this announcement as positive.
The other announcement was from the Constitutional Court, which said that it could provisionally suspend the application of a law if it considered that the constitutional order was violated, while the case is being studied in depth.
The Representative Market Rate (official dollar) for this weekend and on Monday it is at $4,780.89, down almost $75.
The maximum price the dollar reached in Colombia it was $4,813 while the minimum value it registered was $4,757.
(Also: Labor reform: even high salaries would rise according to inflation).
Regarding the average pricethe dollar in Colombia was quoted at $4,780.88.
The volume traded in the banking market was US$1,088 million, below the average.
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