Purchases / Sales of TES and Foreign Currency, and TES Holdings by Banco de la República

Banco de la República (the Central Bank of Colombia, BanRep) informs that in March 2023 it made outright sales of TES B in the market for COP1,453.5 billion (value at market prices). These sales were made in response to the difference between the projections of supply and demand of the monetary base, as well as to help in keeping the Overnight Benchmark Banking Indicator (IBR by its acronym in Spanish) aligned with the monetary policy rate determined by the Board of Directors of the Central Bank.

As requested by the Ministry of Finance and Public Credit, on March 31, BanRep transferred TES B from its monetary portfolio to the Ministry for COP 1,609.2 billion (value at market prices) as payment of the Bank’s profit in 2022.

At the end of March 2023, the outstanding balance of TES held by BanRep was COP36,031.2 billion (value at market prices).

BanRep’s TES B portfolio (expressed in nominal terms) is composed of peso-denominated TES (COP36,137.2 billion) and UVR-denominated TES (UVR18.4 billion).

In April 2023, none of the TES B held by BanRep expires.