Over the weekend, international markets continue to look for a way to reduce inflation caused by the ongoing war between Russia and Ukraine as the world economy is going through a difficult time of uncertainty due to this war. As if that weren’t enough, within Latin America, Colombia has failed to get its currency out of the devaluation in which it has been immersed, because this Saturday, November 19, the U.S. dollar have a price from $4,994.61 Colombian pesos.
The first messages this morning indicate that the U.S. dollar had a slight setback against the national currency of $27.42 Colombian pesosa figure that does not imply any major change to the economy and merely reflects the power of the United States over much of South America.
In addition, thousands of citizens have already begun to demand solutions from the government of Gustavo Preto, as since the beginning of his term the Colombian pesos it has only continued to fall and failed to recover its best numbers, so a prosperous 2023 seems very far off for the country.
Oil continues to fall in international markets
One of the sectors most affected by inflation and war conflicts is the oil industry, which has not been able to stabilize for several months and Prices they tend to fall whenever global tension increases.
In case of WTI oilcrude oil started operations at a cost per barrel of $78.83 U.S. dollars, down $2.81 USD. On the other hand, the brent oil It is priced at $86.90 USD, down from $2.88 USD, within the world’s major markets.