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Colombian peso slides to 11-year-low

Thursday, July 23, 2015

Latin American currencies fell across the board on Wednesday, with the Colombian peso sliding to an 11-year low.

The Colombian peso fell 1% to 2,795.00 per dollar, its weakest level since December 2003, as oil prices fell on renewed oversupply concerns.

Oil exports typically account for about 20% of government revenue in Colombia.

Source: Reuters