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Colombian Peso Dives on Reports of Finance Minister Quitting

  • Reports add to growing sense in Colombia amid mass protests
  • Investors fear downgrade as plan to raise taxes shelved
Ivan Duque
Ivan DuquePhotographer: Simon Dawson/Bloomberg
Updated on

Colombia’s peso tumbled after local media reported Finance Minister Alberto Carrasquilla will quit following days of bloody street clashes and the shelving of his plan to raise taxes.

Carrasquilla and his deputy Juan Alberto Londono will hand in their resignations Monday, Blu Radio reported, without saying how it obtained the information. La Republica daily said the whole economic team that worked on the tax bill will also quit.