Colombia's central bank to buy US$2 billion from the government for international reserves
The board of Banco de la República authorized the direct purchase of 2 billion dollars from the Colombian government as a complement to its international reserves accumulation program. The operation will be executed before the end of 2026, through the Finance Ministry's Directorate General of Public Credit and National Treasury, at the exchange rate in force on the day of each operation. Governor Leonardo Villar said the decision comes amid high international uncertainty and that the country will be able to position itself at the midpoint of the IMF's recommended range.
In 50 seconds
- The central bank will buy US$2 billion from the government before the end of 2026, at the exchange rate of each operation.
- The purchase adds to about US$1.1 billion acquired since August through the reserves accumulation program, with monthly operations of US$400 million in options.
- Villar said Colombia was slightly below the midpoint of the IMF's recommended range and that the purchases will place it at the center.
Read the full story at La Patria
IASummary generated by artificial intelligence from a story by La Patria. It may contain errors: the original source prevails.
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