Colombia to Build Up Reserves as Peso Strengthens to 7-Year High

Colombia launched a program to accumulate as much $4 billion in international reserves, moving to weaken the nation’s currency from a seven-year high.

By Nicolle Yapur and Maria Elena Vizcaino · Bloomberg Markets

Colombia launched a program to accumulate as much $4 billion in international reserves, moving to weaken the nation’s currency from a seven-year high.