# Colombia Peso Weakens After Petro Mulls Tax on Capital Flows - Bloomberg

> The Colombian peso weakened and local bonds sold off after President Gustavo Petro considered a tax on capital outflows. The currency fell 0.7% to 4613.5 per dollar, extending a decline that began the previous Wednesday.

- Date: 2022-10-06 · published 2022-10-06T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/39414-colombia-peso-weakens-after-petro-mulls-tax-on-capital-flows-bloomberg
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A capital outflow tax and currency weakness raise import costs for Colombian feed buyers and can weigh on demand for dollar-priced feed ingredients.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-10-06/colombian-peso-falls-near-record-low-as-petro-mulls-outflow-tax

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.