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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.
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]
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The Times of India, also known by its abbreviation TOI, is an Indian English-language daily newspaper and digital news media owned and managed by The Times Group. It is the fourth-largest newspaper in India by circulation and largest selling English-language daily in the world .
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 ...
Ecopetrol, Colombia's largest company, has let go hundreds of staff since CEO Ricardo Roa took over in April 2023, some of whom were unfairly fired to make way for pro-government replacements ...
In COVID-19 Pandemic (2020) era, despite the global economic impact of the pandemic, India's reserves increased significantly, reaching about $500 billion by mid-2020 due to a combination of lower imports, higher remittances, and inflows of foreign capital. By 2021, India's reserves peaked at around $642 billion in early 2022, marking a record ...