Purchases / Sales of TES and Foreign Currency, and TES Holdings by Banco de la República

  • Banco de la República (the Central Bank of Colombia, BanRep) informs that in August 2023 it made outright purchases of TES B in the market for COP 3,102.6 billion (value at market prices). These purchases were made in response to the difference between the projections of supply and demand of the monetary base, as well as to help in keeping the Overnight Benchmark Banking Indicator (IBR by its acronym in Spanish) aligned with the monetary policy rate determined by the Board of Directors of the Central Bank.

    At the end of August 2023, the outstanding balance of TES held by BanRep was COP 48,409.6 billion (value at market prices).

    BanRep’s TES B portfolio (expressed in nominal terms) is composed of peso-denominated TES (COP 43,802.2 billion) and UVR-denominated TES (UVR 28.0 billion).

    In September 2023, none of the TES B held by BanRep expires.

  • Regarding the foreign exchange market, in August 2023 BanRep did not perform any sale or purchase.
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