The following are the intervention mechanisms approved for Banco de la República.
1. Sale of put options (options to sell foreign current to the Bank) or call options (options to purchase foreign currency from the Bank)
2. Purchase or sale of foreign currency
3. Sale of foreign currency on the spot market through FX swap contracts
4. Sale of US dollars through Non-deliverable forward contracts
The features of the instruments used for exchange intervention are outlined in Regulatory Circular DOAM-143, corresponding to Item 5: Foreign Exchange Market Intervention by Banco de la República.