Colombia's central bank to buy $2 billion from the government to strengthen international reserves
The board of Banco de la República authorized the direct purchase of $2 billion from the government, an operation to be executed before the end of 2026 that adds to the foreign currency accumulation program the central bank has run since August. 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 seeks more reserves amid high international uncertainty.
In 45 seconds
- Banco de la República's board authorized buying $2 billion from the government before the end of 2026.
- The operation will be carried out with the Ministry of Finance's Directorate General of Public Credit and National Treasury, at the exchange rate in force each day.
- Since August, the bank has acquired about $1.1 billion through monthly operations of $400 million in options.
Read the full story at Zona Cero
IASummary generated by artificial intelligence from a story by Zona Cero. It may contain errors: the original source prevails.
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