Bloomberg News

Colombia Central Bank to Auction Volatility Options, Uribe Says

October 28, 2011

Oct. 28 (Bloomberg) -- Colombia’s central bank said it will sell $200 million in dollar options to control the peso’s volatility. The sale of the options will be triggered when the peso’s 20-day moving average changes by more than 4 percent.

The options replace the $200 million the central bank said last month it would auction in the spot market when the peso’s 10-day moving average changed by more than 2 percent. No such auction was carried out, central bank chief Jose Dario Uribe said.

To contact the reporter on this story: Andrea Jaramillo in Bogota at ajaramillo1@bloomberg.net

To contact the editor responsible for this story: Richard Jarvie at rjarvie@bloomberg.net


Toyota's Hydrogen Man
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus