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The currency had been slipping for months, and the fall of oil prices in autumn dealt the economy a final blow.
It doesn't help that Colombia's economy has slowed with the fall of oil prices.
"The fall of oil prices from their peak in July will help strengthen disposable income".
For the moment, the offshore debate has been eclipsed by the economic crisis and the sharp fall of oil prices.
Tax revenues sunk further with the fall of oil prices that fund much of the state's budget.
It's fashionable now to say that the "sovok" — the Soviet era — was undermined by the fall of oil prices in the 1980s.
Similar(45)
Central bank governor Elvira Nabiullina said western sanctions and the falling price of oil were to blame for the sharp fall in the value of the rouble.
The other big change since the Autumn Statement has been the falling price of oil, which has considerably reduced inflation.
The timing of the rise and fall of the oil price has been fortuitous.
Its population is poor and the economy has slumped with the fall of global oil prices.
By measuring the rate of fall of the oil drops, he was able to determine their weight.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com