http://www.bloomberg.com/news/2012-02-06/colombia-resumes-dollar-buying-as-peso-touches-five-month-high.html
Because its peso has shot up 8.5% this year...Colombia's central bank today started buying $20 million USD...to slow the rally.
It will purchase $20mn daily...for at least 3 months.
On 3 Feb...Brasil's c.bank also bought USDs for the first time since July.
The REAL has rallied by 8.3%...since 1 Jan.
Popular Posts
- PUERTO RICO: The Enigma of Tourism.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- CZECH REPUBLIC: Attempts To Ban The Communist Party.
- URUGUAY:Defeats So.Korea 2-1; In Q-Finals For 1st Time in 40 Years.
- BRASIL: Judge Stops Critical S. Paulo Airport Expansion Over Improper Bids.
- ECUADOR: Judge Orders Jail For 3 Media Executives, Columnist...In Correa Libel Case.
- ROMANIA: After Court Overturns Austerity Measures, Huge VAT Increase Proposed To Protect IMF Aid.
- MEXICO: Little Hope Remains For 9 Coal Miners After Explosion Kills 5; Billionaire Carlos Slim Slammed By Court.
- MEXICO: Update On The Electric Power Takeover.
- CROATIA: Exit Polls Predict Presidential Run-off.