Colombia central bank sold $250m reserves to govt

Colombia's central bank sold the government $250 million in foreign reserves and bought 880 billion pesos ($382 million) worth of TES Treasury bonds over the past week, the bank said on Friday 7 October.

The government has been buying reserves to use for cash needs and reducing liabilities. The bank has been buying TES to maintain its level of assets and compensate for the reserves sales.

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