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Minimum Monthly Legal Wage 2010
The Minimum Monthly Legal Wage is established by an agreement between the labour syndicates and the companies associations at the end of every year. This new Minimum Monthly Legal Wage is in force for the following year and only for that year. It is important to recall that any reference in this web page to the abbreviation of "M.M.L.W" means one monthly wage, which is equivalent to COP $ 515.000 or USD $ 258*. The following table is a simulation of the Minimum Monthly Legal Wage with all the surcharges established by law.
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| Economic Indicators 06/02/2012 |
|
| Inflation | |
| Goal of inflation | 2.0-4.0 % |
| Annual inflation | 3.73 |
| Rates of interest - 06/02/2012 | |
| Rate of intervention | 5.00 % |
| Rate Interbancaria | 5.01 |
| TRM - 06/02/2012 | |
| Exchange rate (TRM) | $ 1,784.77 |
| Nominal depreciation - last 12 months | -4.66 |
