Latest News

Colombia Bets Big on Instant Payments With Central Bank’s BRE-B

By Richard Emblin - July 17, 2025

Colombia has launched BRE-B, a real-time payments system developed by its central bank to unify digital transactions across banks and wallets. The free platform allows instant money transfers nationwide and aims to boost financial inclusion, mirroring Brazil’s Pix model while addressing high fees and limited interoperability in the country.

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Colombia’s peso struggles with Wall Street turmoil and oil slump

By The City Paper Staff - April 8, 2025

The Colombian peso slumped amid Wall Street’s sell-off and falling oil prices, but has steadied near COP$4,400 to the USD. The currency remains volatile as global markets rebound on hopes of tariff negotiations.

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Colombian Peso faces volatility as U.S. Election outcome looms over markets

By The City Paper Staff - November 5, 2024

The Colombian peso is experiencing significant volatility as the U.S. presidential election unfolds, with the dollar climbing to 4,420 COP, reflecting heightened market uncertainty. In October, the peso dropped by 0.26%, outpacing declines in other Latin American currencies.

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Colombian Peso weakens against U.S Dollar with fiscal uncertainty

By The City Paper Staff - June 14, 2024

The Colombian peso depreciates sharply against the dollar, hitting a high of $4,150 amid market uncertainty and upcoming fiscal policy announcements by the Petro government.

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Colombia’s Banco de la República celebrates a century’s commitment to culture

By The City Paper Staff - October 1, 2023

Colombia’s central bank, Banco de la República, is celebrating its centenary with an extensive cultural agenda and benefactor of many of the nation’s most prestigious cultural landmarks, museums and public libraries.

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Colombia’s Banco de la República issues 10,000-peso Commemorative Coin

By The City Paper Staff - August 9, 2023

Step into Colombia’s rich maritime history with the Colombian Naval Battle Commemorative Coin—a tribute to the fearless seafarers who championed the nation’s independence.

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Colombia in “perfect storm” affirms JP Morgan

By Richard Emblin - October 24, 2022

Colombia’s currency woes don’t seem to be easing despite reassuring words from Finance Minister José Antonio Ocampo to calm markets.

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Colombia’s peso pushes past $4,600 to USD

By Richard Emblin - July 12, 2022

The Colombian peso is breaking historic highs to the US dollar and rapid devaluation that may signal a flight of capital with the recent election of Gustavo Petro.

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Colombia’s peso under pressure with Petro victory

By Richard Emblin - June 21, 2022

Global markets are reacting to the election victory of Gustavo Petro and first leftist government in Colombia.

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Colombia’s peso hits nine-month high to U.S dollar

By Richard Emblin - April 6, 2022

As global demand for commodity exports surge, the Colombian peso hit a nine month high to the U.S dollar and part of a Latin America-wide currency rally.

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Colombia’s peso under pressure with inflation, global uncertainty

By Richard Emblin - January 25, 2022

Global currencies are under pressure with rising inflation, supply-chain disruptions and fears of an energy crisis should Russia invade Ukraine.

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Colombia issues Bicentenary commemorative $10,000 coin

By The City Paper Staff - October 4, 2021

Colombia’s Central Bank has issued a commemorative $10,000 pesos coin based on an old mint that circulated during the Independence.

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Colombian peso safeguarded from pandemic as cases and death toll mount

By Richard Emblin - August 12, 2020

As one of the worrisome global hotspots of coronavirus with more than 422,000 cases, Colombia has at least safeguarded the peso from the economic debacle.

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Primera Impresión showcases recent history of Colombian currency

By The City Paper Staff - October 24, 2019

The exhibit La Primera Impresión looks at the recent history of Colombia’s currency and interesting representation of a nation that celebrates achievement and diversity on its money.

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Colombian peso recovers as price of Brent crude rises

By Richard Emblin - February 5, 2018

The scaling back of output levels in Russia and Venezuela has turned the tide on low oil prices. But will Colombia capitalize on Brent’s sudden rise?

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