# Finance Colombia   » Colombian Central Bank Holds Auction to Accumulate International Reserves

> The Colombian central bank auctioned $400 million in put options as part of an ongoing reserve accumulation program running since October 1. The options are tied to possible reduction of Colombia's $11.5 billion IMF flexible credit line and are in force December 4 to December 28.

- Date: 2018-12-03 · published 2018-12-03T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/61827-finance-colombia-colombian-central-bank-holds-auction-to-accumulate
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Reserve accumulation is a currency-supportive operation that is not aimed at moving the exchange rate, so the direct effect on feed import prices is small. It is a routine monthly step rather than a new shock.

## Read by commodity

- USDCOP: neutral

## Sources

- financecolombia.com: https://www.financecolombia.com/colombian-central-bank-holds-auction-to-accumulate-international-reserves/

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