BOGOTA, March 14 (Xinhua) -- Colombian President Juan Manuel Santos Thursday urged the country's central bank to prevent the strengthening of the national currency against the U.S. dollar so as not to dampen exports.
If the Colombian peso becomes stronger, a negative impact on many sectors will happen, and it will affect growth and also the income, said Santos at a public event.
"In a certain way, we are suffering from our own success, but we have to be creative. In these circumstances, we can't abide by orthodoxy," said Santos.
According to Santos, the bank will continue to follow the government's instructions to buy dollars in the local market to avoid peso's strengthening.
Recently, Colombian Finance Minister Mauricio Cardenas said that from October 2012 to March 2013, the bank purchased some 500 million dollars a month to stabilize the peso-dollar exchange rate.
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