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Post by scumbuster on Dec 25, 2015 10:11:32 GMT -5
BOGOTA – This year’s 39 percent fall of the peso against the dollar resulted in a 22.8 percent decrease in imports in October compared with the same month in 2014, the Colombian government said Tuesday.
The value of imports in October was $4.52 billion, down from $5.84 billion a year earlier, the National Administrative Statistics Department said.
Colombian imports totaled $45.66 billion over the first 10 months of the year, a 14.2 percent decline from the same period in 2014.
“The unstoppable rise of the dollar against the peso has been reflected in various economic indicators, such as the level of imports,” the Industry, Commerce and Tourism Ministry said in a statement.
Minister Cecilia Alvarez Correa said that the current exchange rate, which makes imports more expensive, should encourage consumers to buy Colombian products.
“In October, industry completed five consecutive months of recovery in both output and sales, which shows that the domestic market is supplied such that consumers are getting goods and services made in the country,” the minister said.
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Post by Deleted on Dec 25, 2015 14:01:47 GMT -5
The Industry and Tourism minister said? Tourism should take off big time coming from USD countries. Those tourists get more bang for the buck now. If they would only make the country more tourist friendly, clean litter of the streets, fix chuckholes and control crime. The government can start taking 3 zeros of the currencies like Santos promised at the beginning of his presidency, so tourists don't get a headache when trying to pay for stuff. 1 Million Colombian pesos to pay for a candy? What nonsense is that? Did the COP fall against Colombia's major import countries, like China, Japan, South Korea, Taiwan and Chile as well? I guess not. Colombia should have a broader export market because their products are more affordable now. It should all even out. Typical Latino whining, the low peso is here to stay, at least for the next 5 years, oil isn't going to come back any time soon. Now there is talk that FARC members will receive 1.800.000 COP a month after they lay down their arms. Don't know for how many years. 1.800.000 COP x 8000 = 14.400.000.000 billion COP : 3000 = almost 5 million USD a month, 60 million US dollars a year. No way, that would really hurt the Colombian economy and most Colombian workers don't make 1.800.000 pesos a month. It would be more cost effective to continue the battle with FARC.
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Post by elexpatriado on Dec 25, 2015 16:19:34 GMT -5
Costeñogringo-better get rid of the extra 3 0s pretty quickly, because it´s confusing you. 60 million a year, not billion..
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Post by Deleted on Dec 25, 2015 17:56:56 GMT -5
Costeñogringo-better get rid of the extra 3 0s pretty quickly, because it´s confusing you. 60 million a year, not billion.. Right you are, thanks for catching that. Just corrected it.
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Post by búfalo on Dec 26, 2015 10:26:57 GMT -5
And "mil" or a thousand for candy, not million - you got $$$$ on the mind!
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Post by Deleted on Dec 26, 2015 10:55:14 GMT -5
And "mil" or a thousand for candy, not million - you got $$$$ on the mind! I can't handle this bs with that many zeros, maybe brushing up on my Spanish will help, I always thought mil is the Spanish abbreviation for million.
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