economy and politics

Due to a ministerial crisis, the price of the dollar skyrocketed: it rises almost $100

After a start to the week with movements up and down, this Wednesday, April 26, the price of the dollar in Colombia skyrocketed and for now goes up almost 100 pesos.

The currency opened at 4,584.44 pesos and, so far this day, it has only registered values ​​above 4,570 pesos.

Other prices that the coin has had have been 4,571.05, 4,574.10, 4,574.90, 4,576.82 and 4,580 pesos, while the highest value has been 4,584.44 pesos and the minimum, 4,562.30 pesos.

At 9:05 in the morning, the average trading price was 4,571.97 pesos, 85.37 pesos above the Representative Market Rate (TRM) of the day, which is 4,486.60 pesos.

The dollar soared after President Gustavo Petro He asked his ministers to resign by protocol and announced that the government coalition is over.

Specifically, the uncertainty focuses on the movements that would take place not only due to the resignations, but also due to the fact that he could leave the Minister of Finance José Antonio Ocampo, who has been one of the factors that has allowed greater economic relevance in government policies.

Minister of Finance, José Antonio Ocampo

Minister of Finance, José Antonio Ocampo

Treasury

Experts that Portafolio had consulted had assured that some factors that would influence the price curve, in the short term, were associated with macroeconomic scenarios, to uncertainty in internal political measures that would generate a country risk and to external situations, such as new measures by the Fed or bearish values ​​in ‘commodities’ (oil).

And while investor forecasts in the latest survey MLIV Press, of Bloomberg News, They suggest that the US currency would fall during 2023, in Colombia it continues to rise.

The devaluation of the peso in the last 12 months is 14.11% and the revaluation so far in 2023 is 6.73%.

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