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Revolut is entering Colombia seeking a banking license and focusing on remittances, transparency, and services for independent contractors

Restaurants/Hotels & Cigarettes and Alcohol also rose 0.33% & 0.22% respectively which means Colombians are still insistent on enjoying themselves.

In contrast to the year 2021 that ended with inflation of 5.62%, in 2022, historically high annual inflation was recorded for Colombia of 13.12%, that is, 7.5 points higher than the previous year, a peak level that had not been registered since 1999, 23 years ago. The...

Foreigners now own $26 billion USD in local Colombian debt.

The proposal allocates 209.1 trillion pesos for government operating costs, 2.6% more than this year, while proposed debt payments would rise 1.6% to 71.6 trillion pesos.

Colombia’s central bank moved to tighten Colombia’s money supply yesterday, by raising the benchmark interest rate a quarter of a percentage point to 6.25%. Colombia is facing inflationary pressures due to the precipitous fall of its Colombian peso against the US dollar, falling...