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Fedesarrollo

Comercio Exterior y Economía Internacional

Colombian Quarterly Report

Fedesarrollo

Febrero de 1993

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Resumen

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.

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