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Colombia to Build Up Reserves as Peso Strengthens to 7-Year High

Bloomberg Markets Friday 31 July 2026, 19:29 UTC By Nicolle Yapur and Maria Elena Vizcaino 1 min read
Key Points

Colombia to Build Up Reserves as Peso Strengthens to 7-Year High Colombia launched a program to accumulate as much $4 billion in international reserves, moving to weaken the nation’s currency from a seven-year high. The decision was announced by central bank Governor Leonardo Villar on Friday afternoon, just moments after policymakers opted to hold interest-rates steady. Most economists had forecast a rate hike, which would have made the currency even more appealing to carry traders.

Colombia to Build Up Reserves as Peso Strengthens to 7-Year High Colombia launched a program to accumulate as much $4 billion in international reserves, moving to weaken the nation’s currency from a seven-year high. The decision was announced by central bank Governor Leonardo Villar on Friday afternoon, just moments after policymakers opted to hold interest-rates steady. Most economists had forecast a rate hike, which would have made the currency even more appealing to carry traders.
Colombia (LOCATION) Leonardo Villar (PERSON)
Originally published by Bloomberg Markets Read original →

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