Colombian central bank to sell reserves to govt

Colombia's central bank said on Tuesday 16 August that it will sell more foreign reserves to the government, in a similar deal to a $1.25-billion sale carried out earlier this year to pay off a debt.

The bank will use the pesos from the deal to buy TES Treasury-bonds on the secondary market to ensure it does not trigger inflation, the bank said in a news release.

It did not say when it would carry out the transaction, which it said would have "similar characteristics" to the sale earlier this year

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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