Peso News= Dollar loses 25% of it's value since March

ome News Economy Exporters ask Central Bank to halt appreciation of the peso
Exporters ask Central Bank to halt appreciation of the peso
Thursday, 23 July 2009 13:47 Adriaan Alsema

Colombia news - dollar down

Colombian exporters want the country's Central Bank to massively buy dollars as the seemingly unstoppable fall of the U.S. currency is hurting exports.

On Thursday, one dollar was worth 1950 pesos, having lost 25 percent of its value since the beginning of March when it peaked at COP2,600.

The director of Colombia's association of brokers, Julian Cardenas, told Caracol Radio that he does not rule out the dollar sinking to COP1,930, but warned that swings in the currency markets may continue for a long time due to the global financial crisis.

Roberto Hoyos, president of Colombia's association of banana exporters, does not want to wait for an eventual devaluation of the peso and wants the country's Central Bank to massively buy dollars in order to devaluate the peso and keep the dollar around COP2,000.

Hoyos also asked the government to provide U.S.-dependent exporters with credit assistance in order to prevent job losses

By luck4unme on Jul 25, 2009, 13:52 in Friendly Talkzone.

utopiacowboy says on Jul 25, 2009, 21:00: If they think this is bad, they should wait until the dollar loses the other 75% of its value. Toilet paper will be more valuable. Thanks, Bernanke and Geithner, you Goldman Sachs criminals. Disclaimer: any comment I make is inane and is not to be taken seriously, and is so patently ridiculous that no one should take it seriously, even as an insult. 1 funny, 0 helpful.

BillBigD says on Jul 26, 2009, 08:08: Next correction in the stock market, $ goes up. Very simple 0 funny, 0 helpful.

bam m says on Jul 26, 2009, 15:53: thank god for all the gurus......my god i dont know what id ever do......just sit here and rub 2 pesos i guess 0 funny, 0 helpful.

More posts by the same author:

Physical Therapist in Poblado 7

Anyone have recent Manizales Hotel Info? Short term 3- 4 nights 7

Super Bowl Broadcast in Medellin? 14

Colombian's Civil Rights Violated in Panama????? 31

Can anyone think of an historical precedent? What was that guys name? Started with "H" 4

Will this "smart phone work in Colombia with Comcel sim card? It's only $80 18

Any bridge players in Medellin 2

Need "carpenter" with circular power saw in Poblado, Medellin 4

Anyone know any bars or restaurants open Christmas Eve and/or Day in Medellin? 10

Tonight and Sundays' Partido 12

Is misterfinger really Greg Yawn in disguise? 10

What's up with the 73

Does anyone have info on when and where they are shooting the Navidad fireworks in Medellin? 4

Exito Pobaldo Was Jammed>>>>>>>>>>>>>>>>> 12

Hot Damn! I am in the money! 3

Need some tradiotnal Thanksgiving Dinner "fixins." 29

Dar(n) PBH is a Yawn the last few days 74

Cable TV Nightmare 10

Interior Painting Cost 13

Can someone help me with an interpretation/definition/opinion? 4