I got up at 2am and 5am and 8am finally waking/getting up at
9:15.
I got an email from my son Jim that he booked his flight and
will be here August 7th through the 15th. Yay!
I’m excited!
When I was uploading the picture of the tarantula for
yesterday’s post I found the pictures I had taken at the waterpark. I added them so you might want to go back to
June 28th and take a look at them.
In blogger.com I received a message that “Karen, Neil, Scott
added you to their circles” but I’m not sure what that means. Lol. It sounds nice though.
Today I received the following link from one of the expats
http://colombiareports.com/dollar-through-cop2700-barrier-experts-say-us-currency-could-reach-cop3000/ the contents of which I have included here:
The
US dollar opened trading at more than 2,723 Colombian pesos on Friday, a
level not seen since 2004. According to
experts, the dollar could appreciate even further and exceed a value of
COP3,000 within a year.
The
peso has been in free fall since the third quarter of last year when crude oil
prices began dropping.
Oil
makes up more than half of Colombia’s
exports and 20% of government revenue.
Over
the past year, the value of the dollar compared to the Colombian currency has
gone up 48.5%.
Oil
prices have dropped to under half the value they had a year ago.
According
to the director of Colombian branch of Brazilian investment bank BTG
Pactual, Armando Montenegro, the current value of the dollar “will maintain and
probably even rise a little towards the end of the year.”
According
to Montenegro,
the dollar could reach COP2,900 before the end of the year.
The
expected lifting of economic sanctions on Iran, a major oil producer, and
a possible increase in US interest rates could push the Colombian currency’s
value are likely to push the value of the dollar even further.
“The
condition of the economy of Colombia
and the rest of the world is probably going to push the dollar to COP3,000, or
even COP3,250″ in 2016, Montenegro
was quoted as saying by economic newspaper Portafolio.
Other
economists said that the dollar is likely to stabilize in the course of 2016
and could then again drop below the COP3,000 barrier.
Colombia’s central bank is also
expecting the US dollar will continue to increase in value and warned the
country’s economy is going to feel the “shock” of collapsing oil prices and an
increase in the price of the dollar.
“We
presume that these currency exchange levels will maintain for a while. The
fact that we are talking about a persistent exchange rate, shows a new reality
we will have to live with for a relatively long period of time. The economy is
going to have to make an adjustment,” said Central Bank vice-president Ana
Fernanda Maiguashca.
Colombia’s Finance Minister
announced earlier this week that the country’s 2016 budget will grow less than
the country’s inflation, forcing austerity measures to avoid a major deficit.
In addition, a recent related article stated:
Almost 20% of the Colombian government’s revenue comes from oil, for which
global prices have fallen by as much as 60% since last July. Iraq and Saudi
Arabia are producing record quantities, and shale oil
extraction in the United
States has further increased supply, putting
downward pressure on prices.Since July the Colombian peso has fallen over 40% from under 1900 per US dollar to over 2700.
Oil prices fell 3% on Wednesday on news of a nuclear deal with Iran which would remove sanctions on the oil-producing country which looks to produce a million barrels per day by the end of this year, almost as much as Colombia’s production.
Over the past year, the dollar went from 1861 pesos on July 8, 2014 to peaking at 2697 pesos just after midday on Tuesday, a 44% loss in value.
That’s not good news for Colombia but it’s good news for me
and any other Americans living or visiting here.
At 1pm it started raining and we unplugged the TV.
It was about 1:30 and I was having a nice lunch of soup, 2
fried chicken legs, salad and the ever present white rice. As usual I put my rice in the soup and had
just finished it. I was eating one of
the chicken legs with a little BBQ sauce and I felt I wasn’t going to be able
to finish all the food. I tried to give
the other chicken leg to Teresa but she wouldn’t take it. I started coughing, then gagging, then I
realized I was going to throw up. I
dashed into the bathroom but didn’t quite make it and got vomit on my poncho,
the bathroom floor and the rest in the toilet.
I have no idea why that happened; something that bothered me from
breakfast? I also didn’t really feel
hungry at lunch time.
At 4pm it started raining again and we unplugged the
televion again. Teresa let Luna and Tony
come inside the finca because of the storm.
Tony was in a corner and Luna was under my table. I told her to sit and Tony came over and put
his paws on me looking for a dog biscuit.
That’s the wrong type of conditioning.
This is one of those rare afternoons where it feels a little
chilly in the finca; but then we’re probably a thousand feet or more higher
than Medellin. Because I puked on my sweat suit I only had
my pajamas on so I added a sweater.
I watched Conviction
(7.2) on Netflix and then I started watching Margin Call (7.1).
I took my sleeping pills at 11pm and went to bed.
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