Press release accumulation of international reserves
The Board of Directors of Banco de la República strengthens its program for the accumulation of international reserves through the direct purchase of USD 1,000 million to the National Government
Continuing with the program for the accumulation of reserves through PUT options, Banco de la República will hold the next auction of these options on 1 February 2019 for USD 400 million. The options will be in force between 4 and 28 February 2019.
Seeking to strengthen the program for the accumulation of international reserves announced in 28 September 2018, and considering the monetization of US dollars planned by the National Government, the Board of Directors of Banco de la República agreed to purchase USD 1,000 million from the National Treasury. This operation will take place on 1 February 2019, at that day´s representative market exchange rate.
Bogotá, D. C.
