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Colombia’s peso fell the most among major currencies as local media reported Finance Minister Alberto Carrasquilla is about to step down after bloody street protests led the government to shelve his plan to raise taxes.
Carrasquilla and his deputy Juan Alberto Londono will hand in their resignations this morning, Blu Radio reported, without saying how it obtained the information. La Republica daily said the whole economic team who worked on the tax bill will also quit.
Colombian media have reported that finance minister Alberto Carrasquilla plans to step down after bloody street protests led the government to shelve his plan to raise taxes [File: Bloomberg]While declining to comment on the reports, Interior Minister Daniel Palacios told Blu Radio that the government will seek to reach consensus with political parties to present a new tax bill to congress. The finance ministry confirmed President Ivan Duque and Carrasquilla were meeting this morning.
The Colombian currency is immersed in the resignation report of the Finance Minister The new protests
Colombia’s weight has fallen among major currencies the most, with local media on the verge of resigning Finance Minister Alberto Carrasquilla because of bloody street protests as the government has given up plans to raise taxes.
Carrasquilla and his MP Juan Alberto London will resign this morning, Blu Radio reported, without saying how he got the information. The newspaper La Republica has said it will also leave the entire economic group that worked on the tax bill.
Colombian media reported that Finance Minister Alberto Carrasquilla plans to step down after bloody street protests led the government to suspend its plan to raise taxes. [File: Bloomberg]