22.03.2013 - Colombia steps up currency fight
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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