Wednesday, April 18, 2007

Colombia's Peso Falls on Speculation Government to Limit Inflow of Capital

(Bloomberg) -- Colombia's peso declined for a third day on speculation the government will limit short-term capital inflows to stem a rally that pushed the currency to a six-year high this week.

Colombian President Alvaro Uribe said April 14 the government was willing to coordinate with the central bank on measures to set a reserve requirement on ``speculative'' investment.


Read more at Bloomberg Currencies News

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