Colombia’s Central Bank doubles dollar purchases, lifts rates to 4%
Colombia’s central bank is to double US dollar purchases to control an appreciating peso, which is damaging exports, reported local media.
Colombia’s central bank is to double US dollar purchases to control an appreciating peso, which is damaging exports, reported local media.
Colombia currently offers the best returns in the world for “carry-trade” investment and investors should take advantage, according to analyst reports published by US news-wire Bloomberg late on Thursday.
Colombia’s peso has continued to appreciate against the US dollar, falling to 1,900 pesos on Friday, national media reported.
Colombia’s finance minister welcomes news that the dollar rose against the peso Monday, citing a package of measures that the Colombian government instigated to curb the strengthening the peso, local…
Colombia’s Finance Minister said measures to control the national currency are “being evaluated,” amid concern about the exchange rate, reports financial publication Dinero. Juan Carlos Echeverry said the echange rate of…
Colombia’s Central Bank reported that on September 23, Colombia’s net international reserves surpassed $32 billion, raising hopes that the aftershocks of the 2008 global financial crisis will not cause a…
Colombian exporters are “learning to survive” the strong peso by boosting productivity and exploring new markets, the country’s trade minister told Bloomberg Wednesday. Minister Sergio Diaz-Granados said “The plan is…
Colombia’s central bank purchased $1.24 billion in the first quarter of 2011, Caracol Radio reported Monday. In an effort to influence the exchange rate, Colombia’s central bank purchased $400 million in…
Colombia’s central bank purchased $400 million in January, in line with its policy of soaking up dollars from the currency market in a bid to halt the peso’s surge, the…