The Colombian peso strengthened against the US dollar on September 2, 2026, as the Tasa Representativa del Mercado (TRM) opened at 3,184 pesos. ^[1] Daniel Gómez Gaviria, an economist and university professor, argues that Colombia should not ask the Central Bank to intervene more actively to influence the peso-dollar exchange rate. ^[2] The author states that sustainable competitiveness must rest on productivity, logistics, infrastructure, and fiscal discipline rather than manipulating the exchange rate. ^[3] The Banco de la República de Colombia reported that the TRM rate of 3,184 pesos indicated a strengthening of the Colombian peso compared to the September 1, 2026 rate. ^[4] Past interventions by Colombia's Central Bank between 2000 and 2019 had limited or null effects on the exchange rate, lasting only minutes to a maximum of two days. ^[5] Using mechanisms like external debt deposits to influence capital flows increases financing costs and can negatively impact internal credit conditions and investment. ^[6] In Bogotá, Medellín, and Cali, exchange houses were buying US dollars at 3,200 Colombian pesos on September 2, 2026. ^[7] Pereira exchange houses were buying US dollars at 3,730 pesos and selling at 3,800 pesos on September 2, 2026. ^[8]