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In 1910, the Conversion Board began issuing banknotes in the form of peso oro. In 1931, the United Kingdom left the gold standard and the peso shifted its peg to the United States dollar, at a rate of 1.05 pesos = 1 dollar, a slight devaluation from its previous peg, this until 1949. Nevertheless, Peso banknotes continued to be issued expressed ...
1 January – The minimum wage in Colombia is raised from 1.3 million to 1.4 million Colombian pesos per month, a 9.54% rise. [1]3 January – Thirteen people die and 28 are injured after a bus carrying 42 people falls into a gorge while traveling on a road connecting Ipiales with Pasto in Nariño Department.
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The peso was pegged to the dollar at 1.05/US$1. Several adjustments were made following the rise of the dollar, and in 1935 the exchange rate settled at 1.75 pesos per US$1. Colombia abandoned a fixed exchange rate in 1937, but the free rate kept close to 1.75/US$1. [citation needed]
Mexican fintech Stori plans to kick off operations in Colombia with a $100 million investment in the South American nation over the next three years, the firm announced on Thursday. Stori has ...
Jai Maharashtra is a 24/7 Marathi news channel launched on 1 May 2013. Shri Sudhakar Shetty owns the channel. [1] Its broadcasting area is Maharashtra, India. This channel is available on the direct to home providers such as Tata Sky and Dish TV. It was previously available on Videocon d2h.
With today's cut, the Fed has lowered rates by a full percentage point since September. How will another rate cut impact my money? Any reduction in the federal funds rate could ease borrowing ...
The Bank of the Republic (Spanish: Banco de la República) is the central bank of Colombia. It was initially established under the regeneration era in 1880. Its main modern functions, under the new Colombian constitution were detailed by Congress according to Ley 31 de 1992. One of them is the issuance of the Colombian currency, the peso.