Exchange policy

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Dissemination of Foreign Exchange Intervention

In keeping with the transparency that characterises the inflation target scheme, foreign exchange intervention data is available to the public. During intervention by means of auctions, the intervention amounts are announced in advance and the  amounts  approved and exercised are published on the...

Instruments for Intervention in the Foreign Exchange Market

Banco de la República can intervene in the currency-exchange market through the following instruments:  
Intervention through the auction of options of purchase or sale of foreign currency to the Bank, to control the volatility in the exchange rate.  Intervention through...

Objective of the exchange rate policy


Monetary policy strategies have been implemented within a flexible exchange rate scheme that is governed by intervention rules with the following objectives: