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Colombian coffee growers seek central bank intervention.

Global Banking News-April 17, 2018--Colombian coffee growers seek central bank intervention

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Global Banking News - 17 April 2018

Coffee growers in Colombia have called for intervention by the central bank to solve their currency problems.

Colombia's coffee federation asked the central bank to temporarily intervene in the exchange markets to help solve the problems that they face because of the strengthening peso. Income from exports has dropped as the peso strengthened against the dollar.

The federation said, 'The sustained appreciation of the peso compared to the dollar could be temporarily altered with interventions in the exchange market by the central bank, without modifying the objective inflation targets.'

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Publication:Global Banking News (GBN)
Date:Apr 17, 2018
Words:135
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