• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
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Colombia's central bank to buy $2 billion from the government to boost reserves

FinanceColombiaELHERALDO.CO45 s readAI summary
Image: ELHERALDO.CO

The board of Banco de la República authorized the direct purchase of $2 billion from the national government as a complement to its international reserves accumulation program, an operation to be executed before the end of 2026. The purchase will be made through the Ministry of Finance'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 amount considered its impact on peso liquidity.

In 45 seconds

  • Banco de la República's board authorized buying $2 billion from the government before the end of 2026.
  • The operation will go through the Directorate General of Public Credit and National Treasury, at the exchange rate of each day.
  • The funds add to about $1.1 billion already acquired since August through a foreign currency accumulation program.
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IASummary generated by artificial intelligence from a story by ELHERALDO.CO. It may contain errors: the original source prevails.

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