# Colombia purchases $1 billion from government - Central Banking

> The Central Bank of Colombia bought $1 billion from the national Treasury as part of a program to increase its international reserves, announced January 31. The Treasury had raised $2 billion internationally in October 2018 and needed to convert part of it into pesos to fund investments.

- Date: 2019-02-04 · published 2019-02-04T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/60851-colombia-purchases-1-billion-from-government-central-banking
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

This is a central bank and treasury financial operation with no meaningful link to feed or agricultural commodity supply, demand or prices.

## Sources

- centralbanking.com: https://www.centralbanking.com/central-banks/reserves/foreign-exchange/4012831/colombia-purchases-1-billion-from-government

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.