Colombian CB continues to sell reserves

The Colombian central bank sold $114 million in foreign exchange reserves to the government last week. This figure follows the sale of $250 million reserves the week before, the bank said on Friday last week.

The government says that it has been buying reserves to use for cash needs and reducing its liabilities.

The latest sales mean that the central bank has now sold $1.56 billion to the government since mid-September when it said it would sell at least $3 billion as part of its effort to co

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