Banco de la República Intervenes in the Foreign Exchange Market

Publication Date:
16:25

Banco de la República reported that US$360m in put options were exercised during May 2007 to control volatility.  That same month, the Bank exercised no discretional intervention in the exchange market and made no final TES B purchases or sales. The Bank was holding $ 1.5 trillion pesos in TES B at May 31, 2007.