Finance

Foreign Minister Ómar Bula calls new passport contract with Thomas Greg and Sons a "temporary solution"
Foreign Minister Ómar Bula referred to the signing of a new contract with Thomas Greg and Sons for issuing passports in Colombia and described it as a 15-month "temporary solution" to guarantee the service. According to the official, the proposal keeps the same prices as previous terms, with no adjustments for inflation or exchange rate. The Unión Temporal Documentos de Viaje 2027, made up of Thomas Greg and Sons de Colombia S.A. and Thales Colombia S.A., submitted the proposal.
FinanceColombiaCaracol RadioOct 27AI
CUT to propose double-digit increase to Colombia's 2027 minimum wage
The Central Unitaria de Trabajadores (CUT) will seek a double-digit increase to the 2027 minimum wage at the Wage and Labor Policy Concertación Table, according to its representative Nelson Alarcón, to recover purchasing power and guarantee a living wage. Professor Giovanni González of Universidad Javeriana called for also analyzing business competitiveness and regional differences. Credicorp projects a rise of 9% to 10%, Davivienda a maximum of 8.5% and Fenalco asks for a maximum of 9%.
FinanceColombiaDiario del SurOct 27AI
Colombia and China sign four-year technical cooperation agreement on construction and urbanism
The Colombian Council for Sustainable Construction (CCCS) and the Construction Industry Association of the Jinniu District, in Chengdu, signed a four-year technical cooperation agreement. The deal covers six areas: construction and urban development, city renewal, high-quality housing, sustainable solutions, urban and rural infrastructure, and digital construction. It includes seminars, training, field visits and information exchange, following the 2026 Business Mission to China led by Compensar. The signing does not imply immediate financing or automatic execution of projects.
FinanceColombiaInfobaeOct 27AI
Dollar closed at 3,147.40 pesos in Colombia on October 27, 2026
The dollar in Colombia opened on October 27, 2026, at 3,145.00 pesos and closed at 3,147.40 pesos, an increase of 2.4 pesos, according to the Banco de la República. The Market Average Rate stood at 3,147.918 pesos, with trades worth 1,466.519 million dollars during the session, and the Representative Market Rate was 3,157.94 pesos, 0.49 pesos lower than on October 26. Exchange houses posted average buying rates of 3,170 pesos in Bogotá, 3,100 in Cali, 3,750 in Cartagena and 3,060 in Medellín.
FinanceColombiaNoticias RCNOct 27AI
ANIF urges Colombia's fiscal rescue bill to prioritize spending cuts over new taxes
ANIF president José Ignacio López said the fiscal rescue bill the government expects to present this week should focus on reducing public spending and improving the efficiency of state resources. While he acknowledged revenue measures may be needed, he asked that they not be the core of the adjustment. ANIF proposed eliminating some tax deductions and said minimum wage negotiations should start from technical criteria. The association projects inflation of 6.6% by the end of 2026.
FinanceColombiaBlu RadioOct 27AI
Aon projects nearly 9% rise in Colombia's employer health plans for 2027
According to Aon's Global Medical Trend Rates Report 2027, the cost of employer-sponsored health plans and medical benefits in Colombia would rise by close to 9% in 2027, above the projected general inflation of 5.2%. The analysis focuses on coverage contracted by organizations and does not imply an automatic increase for EPS health insurers or individual prepaid medicine. Latin America is projected to see an average increase of 10.4%.
FinanceColombiaNoticias RCNOct 27AI
Dollar closed higher in Colombia at COP 3,147.40
The dollar closed on Tuesday at COP 3,147.40, after falling to COP 3,130 on Monday and closing at COP 3,145 on Friday, October 23. The TRM stood at COP 3,157.94, 0.02% less than the previous day. Analyst Diego Sogamoso noted that the currency trades below its 50-day moving average, around COP 3,173. External factors include the Federal Reserve meeting, the Brent price and Lula's victory in Brazil.
FinanceColombiaEl EspectadorOct 27AI
Dollar closed at 3,147 pesos on October 27, 10 pesos below the TRM
The U.S. dollar closed the October 27 session in Colombia at 3,147 pesos after fluctuating during the day. Against the TRM set by the Financial Superintendency at 3,157 pesos, the currency posted a 10-peso decline. The session opened at 3,145, hit a high of 3,172 and a low of 3,117, with an average price near 3,148. About 1.355 billion dollars were traded on the Colombian Stock Exchange.
FinanceColombiaRevista SemanaOct 27AI
Dollar opens lower in Colombia and trades below the TRM
Colombia's currency market opened this Tuesday with a new drop in the dollar, which stood around COP 3,135.20 and traded near COP 3,111 in the first moves of the session, below the day's TRM of COP 3,157.94. The decline benefits those paying for imported goods, making international purchases or planning trips abroad, while it can reduce the peso income of exporters and of those receiving remittances or payments in US currency.
FinanceColombiaDiario del SurOct 27AI
Colombian peso closes higher again as dollar falls to 3,147 pesos
The dollar closed lower in Colombia at 3,147 pesos, with 1,667 transactions worth US$1.466 billion in a volatile session. Analysts attribute the move to expectations around the Federal Reserve's interest rate decision, due tomorrow at 1:00 p.m.; XTB estimates a 90% probability that rates stay between 3.75% and 4%. The government raised US$5.2 billion from bond sales to international investors, and Cepal projected 2.4% growth for this year.
FinanceColombiaLa FMOct 27AI
Cúcuta to increase security forces amid attacks and homicides
Cúcuta Mayor Jorge Acevedo announced that the increase in security forces in the city is "imminent" to respond to homicides, explosive attacks and threats from illegal armed groups along the border with Venezuela. Among recent incidents he cited the killing of former government secretary Miguel Castellanos and an attack on a police station that left three officers and four civilians injured. He warned that insecurity is hurting local commerce and that the lack of bilateral cooperation with Venezuela hampers the pursuit of those responsible.
FinanceColombiaLa FMOct 27AI
US$5.2 billion bond issuance could put pressure on the dollar's price
Colombia's Ministry of Finance confirmed a US$5.2 billion bond issuance in international markets, the largest in the country's history, executed on Monday, October 26. The operation closes the global placement program to finance the 2026 General Budget and seeks to improve the government's cash position for 2027. Three references were placed: US$2.2 billion at five years (7.000% coupon), US$2.0 billion at ten years (7.625%) and US$1.0 billion at thirty years (8.125%). Maximum demand reached US$17.149 billion, 3.3 times the amount issued.
FinanceColombiaEl ColombianoOct 27AI
Giro de Rigo in Cali: cycling event with estimated US$30 million economic impact and aid for earthquake victims
Cali is preparing for the Giro de Rigo on Sunday, November 1, with more than 10,000 cyclists from 35 countries. According to organizer Rigoberto Urán, the event could have an economic impact of close to 30 million dollars. The race also includes a public-private alliance that gathered aid for those affected by the August 10 earthquake in Cali, Yotoco, Vijes, Calima, Dagua and Yumbo: 90 tons of cement, 70 tons of adobe, 1,200 food baskets, 10 tons of hydration products and more than 15,000 food units.
FinanceColombiaPulzoOct 27AI
Colombian peso opens at 3,150.81 per dollar, below the TRM, ahead of the Fed
The dollar in Colombia opened Tuesday at 3,150.81 pesos, 7.13 pesos below the TRM of 3,157.94, as investors await rate decisions from the Fed and Banco de la República. Abroad, the dollar index advances toward 102 points and the market expects the Fed to hold rates between 3.75% and 4.00%. In Colombia, the government raised US$5.2 billion from bond sales to international investors and ECLAC projects 2.4% growth for 2026.
FinanceColombiaXTB.comOct 27AI
Dollar reverses upward trend and falls to 3,144 pesos in Colombia
The dollar price in Colombia opened this Tuesday, October 27, at an average of 3,144 pesos, a drop of 13 pesos from the TRM of 3,157.94. The currency is moving in a volatile scenario while markets await monetary policy decisions from major central banks and corporate earnings releases. Wall Street opened mixed, with gains in the technology sector and investors watching the Federal Reserve meeting.
FinanceColombiaELHERALDO.COOct 27AI
Dollar opens October 27 session lower in Colombia, with TRM at COP 3,157.94
The U.S. dollar begins the Tuesday, October 27, 2026 session in Colombia with a Representative Market Rate of COP 3,157.94, according to the Banco de la República, a decrease of 27.07 pesos from the October 23 report. Exchange houses quote purchases between COP 3,058 in Medellín and COP 3,150 in Cartagena and Cúcuta. Brent opened at 110.01 dollars per barrel and WTI at 100.92 dollars.
FinanceColombiaCaracol RadioOct 27AI
Dollar opens lower in Colombia, below COP 3,150
The dollar opened lower on Tuesday in Colombia, below COP 3,150. The market is tracking uncertainty over Luiz Inácio Lula da Silva's victory in Brazil, the Colombian government's dollar bond sale maturing in 2032, 2037 and 2056, and expectations around rate decisions by the Federal Reserve and Banco de la República, which meets on Friday, October 30, with its rate at 12.25%.
FinanceColombiaEl EspectadorOct 27AI
Dollar opens October 27 session at COP 3,145, COP 12 below the TRM
The dollar began trading on October 27 at COP 3,145, COP 12 below the COP 3,157 TRM set by the SuperFinanciera for today. In the first minutes the currency showed volatile behavior, with a maximum price of COP 3,145, a minimum of COP 3,135 and an average of COP 3,141. Volume traded so far stands at 1,000 million. Globally, the dollar index was down 0.18%, to 70.905 units.
FinanceColombiaRevista SemanaOct 27AI
Colombian peso: dollar falls on October 27 and hits low of COP 3,111
The dollar in Colombia opened this Tuesday, October 27, 2026, at COP 3,135.20, COP 22.74 below the day's TRM of COP 3,157.94. In early trading the currency hit a low of COP 3,111 and a high of COP 3,145. The TRM fell just COP 0.49 from Monday, October 26. So far in 2026 the dollar has lost COP 599.14, or 15.95% of its value.
FinanceColombiaNoticias RCNOct 27AI
What the nominal exchange rate is and how the TRM affects the Colombian peso
The nominal exchange rate indicates how many pesos are needed to buy one dollar and is a central indicator for understanding Colombia's economic position. According to Noticiero 90 Minutos, a depreciation of the peso makes imported goods more expensive, while an appreciation lowers import costs but reduces exporters' competitiveness. The TRM, the simple arithmetic average of the day's weighted dollar purchase and sale rates among authorized entities, stands at 3,157.94 pesos per dollar.
FinanceColombiaPulzoOct 27AI