The Central Bank of Colombia’s board has authorized the bank to purchase USD 2 billion directly from the national government during the remainder of 2026 to increase international reserves. The decision responds to heightened international uncertainty, high global interest rates and tight financial conditions, with additional reserves providing a buffer against potential external instability. The purchase depends on the government having dollars available for sale and will take place at the Representative Market Exchange Rate (TRM) in effect on the transaction date. It forms part of the reserve accumulation program operating since August 2026, which will continue under its previously announced terms and schedule. The approved amount takes account of its impact on peso liquidity and the need for offsetting measures to keep short-term interest rates aligned with the board’s monetary policy rate.
Central Bank of Colombia authorizes purchase of USD 2 billion from government to build reserves
The Central Bank of Colombia has approved buying USD 2 billion directly from the national government during the remainder of 2026 to build international reserves, subject to dollar availability. The purchase will use the prevailing Representative Market Exchange Rate and form part of the reserve accumulation program operating since August 2026. Its size accounts for the need to offset effects on peso liquidity to keep short-term interest rates aligned with the monetary policy rate.