Colombia Keeps Its Peso Weak
At a time when emerging-market countries from Turkey to South Africa are trying to arrest a plunge in their currencies, Colombia is encouraging the fall of its peso. The nation is sticking with its two-year-old policy of buying dollars to beef up its international reserves, which are low compared with those of some of its neighbors.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.