# Is $3,000 Colombian pesos to U.S our new "normal"? | The City Paper Bogotá

> Colombia's peso has weakened to around 3,000 per US dollar, with the country's economy hit by the oil price slump. The government raised the sales tax from 16% to 19% under a tax reform, and analysts now expect 2017 GDP growth near 1.8%.

- Date: 2017-08-08 · published 2017-08-08T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/69735-is-3-000-colombian-pesos-to-u-s-our-new-normal-the-city-paper-bogota
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A weak peso raises the cost of imported feed ingredients for Colombian compound feed producers, while slower growth limits meat and dairy demand growth.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- thecitypaperbogota.com: https://thecitypaperbogota.com/business/is-3000-colombian-pesos-to-u-s-our-new-normal/

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