Colombia central bank buys $1 billion from Treasury

Aims to support plan to enhance international reserves portfolio

colombia

The Central Bank of Colombia purchased $1 billion from the national Treasury as part of its programme to increase international reserves, the central bank said on January 31.

The operation was facilitated by the confluence of interests of both institutions, an official with direct knowledge of the matter tells Central Banking. The Colombian government raised $2 billion globally in October 2018, and needed to convert part of it into Colombian pesos to finance investments. Simultaneously, the

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