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The peso sits near $3,200COP, but Bancolombia’s model pegs fair value at $3,720 COP — and sees it drifting back by 2027.

A stronger dollar and a 21% oil slump battered peers, yet Colombia's currency broke ranks. Bancolombia explains why - and where it goes next.

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

Ahead of the expected presentation of the tax reform to Congress next week, the 'commission of experts' have spoken with their views as to what needs to happen.