Congratulations! The new president of Colombia has appointed you as the Minister of Finance, and your first task is a huge one! The new president wants to revamp the country's financial system and wants to know if Colombia should peg the currency to the the U.S. Dollar, the Euro, the Chinese Renminbi, the Russian Ruble, Gold, go the Bitcoin route like El Salvador, or let it float. Tell us, what should Colombia do?

Answer correctly with proper explanation