Colombian Quarterly Report
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Abstract
During 1992 the representative (market) exchange rate (against the U.S. dollar) was devalued by 13.33% in nominal terms. Sharp oscillations in the rate of devaluation were observer throughout the year, as a result of Colombia's new system of foreign exchange intervention.
Abstract
During 1992 the representative (market) exchange rate (against the U.S. dollar) was devalued by 13.33% in nominal terms. Sharp oscillations in the rate of devaluation were observer throughout the year, as a result of Colombia's new system of foreign exchange intervention.