Banco de la República Intervenes in the Exchange Market

Banco de la República purchased US$1,836.7 million in foreign currency on the exchange market in March 2007, through discretional intervention. This amounts to a total of US$3,861.2 million so far this year.  Its net sales of TES that same month came to Col$596 billion pesos.  The Bank was still holding Col$1.5 trillion pesos in TES at March 31, 2007.