Banguat Intervenes to Halt Rise of the Dollar
The Central Bank of Guatemala yesterday sold $24 million after the dollar reached new record prices.
Thursday, September 3, 2009
A dollar is currently traded for Q8.29053, and in the last 12 months its price has increased 11.4%.
The reference exchange rate was 8.00717 quetzals yesterday, the highest price against the dollar since January 2011.
The exchange rate in the wholesale market reached 558 colones per dollar, while at bank counters one dollar was being sold (on Wednesday March 5th) at 565 colones.
For a second time in one week, the Central Bank had to auction dollars to control the depreciation of the currency, which reached Q8.28 per dollar.
Yesterday Banguat sold $33.5 million, to curb the increase of the dollar, as it has been doing in the last months.
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