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,...
Tag: Exchange Rate
Investors urged to buy Colombia bonds while conditions last: banking analyst
Colombia currently offers the best returns in the world for “carry-trade” investment...
Colombian peso strengthens against US dollar, reaches 6-month peak
Colombia’s peso has continued to appreciate against the US dollar, falling to 1,900 pesos on...
Colombia’s measures helped lower peso: Finance minister
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 media report. Finance...
Colombia’s currency control measures undecided: Finance minister
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...
Colombia’s international reserves surpass $32B
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 recession....
Colombian exporters ‘learning to survive strong peso’
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...
Colombia’s Central Bank bought $1.24B in first quarter
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 January,...
Colombia’s central bank buys $400M in January
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 bank said in a statement Monday. Total dollar...
