Colombia central bank chief says currency stronger than desired

viernes 9 de mayo de 2014 13:52 GYT

BOGOTA May 9 (Reuters) - Colombia central bank chief Jose Dario Uribe said on Friday that the country's currency, the peso, was a little stronger than desired, though it was making it cheaper for the country to acquire dollars.

He said rising industrial productivity was helping boost the competitiveness of output, offsetting the impact of the stronger currency on exports to some extent. A surge of foreign investor cash since March has caused the currency to firm against the dollar. (Reporting by Peter Murphy)