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Colombia’s incoming administration faces a currency challenge as the peso’s strength pressures exporters, tourism and investment.

The U.S. dollar currency index fell by almost 1% Wednesday afternoon to a 52-week low following market-moving comments by the U.S. treasury secretary.

The Colombian peso began depreciating in the lead up to the U.S. presidential election and took a big tumble today.

Colombia will soon introduce a redesigned 50,000-peso bill that features a Gabriel García Márquez and members of the indigenous community in the Sierra Nevada de Santa Marta.

Millicom International Cellular (NASDAQ:MICC) (STO:MIC), the Luxembourg based global telecom operating the Tigo and UNE brands in Colombia is reporting strong first quarter revenue growth across its operating units. While the weakness of the Colombian Peso has served as a drag on...