Colombia's central bank launches a $4B reserve accumulation program to weaken the peso after it surged nearly 20% in 2026, the best major

Colombia's COLCAP index rose 1.64% to 2,342 on Thursday, lifted by oil strength. The peso firmed to 3,201 per dollar.

Colombian peso is near a multi-year high, with the market rate around 3,132 per dollar after a roughly 20% one-year gain; the BanRep rate call was pending.