Thursday, May 10, 2007

Colombia's Uribe Urges Central Bank to Take Measures to Halt Peso Gains

(Bloomberg) -- Colombian President Alvaro Uribe called on the central bank to consider more measures to stop ``speculative'' capital inflows and prevent the peso strengthening further.

``I think new mechanisms need to be considered because the exchange rate is affecting us a lot,'' Uribe said during a conference in Medellin, according to the presidential Web site.


Read more at Bloomberg Currencies News

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