"Colombia welcomes weakest peso since 2009"
The central bank sees “this exchange rate as very favorable for the economy because it doesn’t generate problems for us and it helps exporters a lot,” Cardenas said in an interview on RCN television last night.
The peso fell 1.4 percent to 2,296.59 per U.S. dollar at the close of trading in Bogota, after earlier weakening past 2,300 for the first time since 2009. It has weakened 18 percent in the second half of 2014, the worst performer among major emerging market currencies after Russia’s ruble.
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