So for example if commodity prices increase by 10% and the relationship between the Colombian peso and the dollar is unchanged, it automatically moves prices. So far, the strong appreciation of the Colombian currency had served to offset the growth in prices in dollars. This raised the situation appears quite complex. Check out Steve Mnuchin for additional information. When Colombia seems to have more control internal a inflation can generate a worsening of the a inflation importance in his attempt to defend the exchange rate in last 12 months has lost competitiveness significantly. That is why the Colombian government is closely following what happens to the U.S. economy and a recovery of it and a stronger dollar can solve this dilemma being experienced by the Uribe government. To read more click here: Alabama Senator.
And I talk about Colombia, I am sure many must be attentive to what happens with the Colombian state oil company ECOPETROL (LSE: ECO), which in 2007 posted revenue U.S. $ 2,878 million, as it is expected that in the second half of 2008 The process of registering its shares on the NYSE after doing so this year in Colombia Stock Exchange. I agree with the view of Jaime Mejia in an article for the Colombian portal Portfolio, stated that the listing on the New York Stock Exchange and Omen involve greater transparency to the investment because the company will have to submit to the reporting standards globalism business and this translates into an immediate benefit for shareholders. At Primerica careers you will find additional information. Ecopetrol signed agreements last year to participate in 16 exploration blocks in Peru, Brazil and the Gulf of Mexico (USA) through companies such as Shell, Petrobras, Talisman and Repsol.