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FINANCE MINISTER JUAN CAMILO RESTREPO WITH GUSTAVO BUSTAMENTE, 1998-09-02 (photo)

IMAGE number
REU8288615
Image title
FINANCE MINISTER JUAN CAMILO RESTREPO WITH GUSTAVO BUSTAMENTE, 1998-09-02 (photo)
Auto-translated text View Original Source
Photographer
Carlos Linares
Medium
photograph
Date
1998 AD (C20th AD)
Shooting Date
1998-09-02
Image description

Colombian Finance Minister Juan Camilo Restrepo (R) delivers the new tributary reform to Secretary of the House of Representatives Gustavo Alfonso Bustamante September 2. Restrepo cited the "domino effect" of market turmoil in Asia, the dicey situation in Venezuela, and the dangers of "Russian roulette" stemming from the market meltdown in Moscow for the peso's recent vulnerability during a press conference. Colombia bowed to pressure on its peso currency Wednesday, announcing a de facto devaluation that analysts called the first significant change in any Latin American country's exchange rate policy since Asia's financial turmoil erupted last year. JMG/CM/WS

Photo credit
REUTERS/Carlos Linares / Bridgeman Images
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