The Colombian peso has risen 17% over the last 20 months, causing Colombian exports such as bananas, flowers, and fish to be less competitive abroad. An influx of foreign direct investment, dollars sent home from abroad, and a trade surplus are said to be responsible for the peso's steady rise. (Forbes)
Friday, September 16, 2005
Colombia's strengthened currency hurting exports
The Colombian peso has risen 17% over the last 20 months, causing Colombian exports such as bananas, flowers, and fish to be less competitive abroad. An influx of foreign direct investment, dollars sent home from abroad, and a trade surplus are said to be responsible for the peso's steady rise. (Forbes)
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