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World biggest producer of roses

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Colombia is the world's biggest producer of roses. The global demand for roses increases and at the same time Columbia's central bank increases the interest rate. In the foreign exchange market for Colombian pesos, what happens to The demand for pesos? The supply of pesos? The quantity of pesos demanded? The quantity of pesos supplied? The peso-U.S. dollar exchange rate?

Reference no: EM131107918

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