Thursday, May 24, 2007

UPDATE 1-Colombia peso weakens after new capital controls

(Reuters) - The peso closed Wednesday trading at 1,965.5 versus the
greenback.




Colombia late on Wednesday introduced a mandatory 40
percent, six-month deposit requirement on short-term foreign
portfolio investment to slow a surge in the peso, which has
appreciated more than 11 percent this year.


Read more at Reuters.com Bonds News

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