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Colombia steps up currency fight

Posted on 22 March 2013

Get ready to rumble. Colombia is stepping up the fight against the appreciation of its currency, the peso. Having spent nearly $5bn last year buying dollars to stem the peso’s rise, the government this week said it was willing to deploy double the amount – or $10bn – this year keep the currency in check.
In February alone, Colombia’s central bank spent over $800m in dollar purchases………………………………………..Full Article: Source


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