Oil and mining drive record currency flow that arrived in Colombia in April – Sectors – Economy
Oil and mining caused the flow of foreign currency from abroad to reach record levels in April. According to the Bank of the Republic, that month 1,951 million dollars entered Colombia. Of this total, more than 88 percent, that is, 1,721 million dollars entered thanks to the mining-energy sector. (Also read: Ecopetrol and Repsol announced the discovery of oil in Meta) Investments in the sector have remained relatively stable But while currency flows increased 79 percent in the oil and mining sector in April, they fell 70 percent in the rest of the sectors' activities, compared to the fourth month…
