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Colombian President’s key messages to calm the markets and curb the dollar

Faced with the historical rise of the dollar, which is already threatening to climb above COP 5,000 for the first time, the administration of Colombian President Gustavo Petro has focused its agenda on providing calm messages to the markets to contain the depreciation and generate confidence in investors as they dispose of government bonds.

The dollar closed Thursday at COP 4,885 on average and reached a new high of COP 4,921 in intraday trading, with investors having their sights set not only on the challenging global macroeconomic context, marked by high interest rates and inflation but also . . .

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